Tesla (NASDAQ:TSLA)‘s stock had its “buy” rating reaffirmed by equities researchers at The Goldman Sachs Group in a report released on Monday, Price Targets.com reports.
Several other equities analysts have also issued reports on the company. FIX upgraded Tesla to a “buy” rating in a research note on Tuesday, March 9th. Credit Suisse Group reiterated a “neutral” rating on shares of Tesla in a research note on Thursday, January 28th. Roth Capital restated a “neutral” rating and set a $150.00 price target on shares of Tesla in a research report on Thursday, January 28th. Canaccord Genuity upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research report on Monday, April 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Tesla from $135.00 to $155.00 and gave the company an “underweight” rating in a research report on Monday, April 5th. Eleven research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $382.74.
TSLA opened at $714.63 on Monday. The stock has a 50-day moving average of $669.65 and a 200 day moving average of $639.33. The company has a current ratio of 1.63, a quick ratio of 1.32 and a debt-to-equity ratio of 0.63. Tesla has a 12 month low of $134.76 and a 12 month high of $900.40. The firm has a market cap of $685.94 billion, a P/E ratio of 1,435.00, a P/E/G ratio of 8.81 and a beta of 2.18.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 27th. The electric vehicle producer reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.17. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.38 billion. Tesla had a return on equity of 4.93% and a net margin of 1.97%. The company’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. On average, research analysts forecast that Tesla will post 1.02 earnings per share for the current fiscal year.
In other news, CAO Vaibhav Taneja sold 1,844 shares of the business’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $595.08, for a total value of $1,097,327.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jerome M. Guillen sold 10,000 shares of the company’s stock in a transaction on Monday, April 12th. The shares were sold at an average price of $697.87, for a total transaction of $6,978,700.00. Following the completion of the sale, the insider now owns 60,598 shares of the company’s stock, valued at approximately $42,289,526.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,403 shares of company stock valued at $62,638,774. Corporate insiders own 23.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Clearview Wealth Advisors LLC bought a new stake in shares of Tesla during the fourth quarter worth $25,000. Flagship Private Wealth LLC acquired a new position in Tesla in the 4th quarter worth $26,000. Clear Investment Research LLC acquired a new stake in shares of Tesla in the 4th quarter valued at about $26,000. Veritas Investment Partners UK Ltd. bought a new stake in shares of Tesla in the fourth quarter valued at about $28,000. Finally, Psagot Investment House Ltd. acquired a new position in shares of Tesla during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 41.39% of the company’s stock.
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.
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