Tesla, Inc. (NASDAQ:TSLA) has been assigned a consensus rating of “Hold” from the thirty-six brokerages that are currently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $422.15.
A number of analysts have weighed in on TSLA shares. Jefferies Financial Group reissued a “hold” rating and set a $700.00 target price (down from $775.00) on shares of Tesla in a report on Monday, March 29th. Exane BNP Paribas lowered shares of Tesla from a “neutral” rating to an “underperform” rating and set a $340.00 target price for the company. in a research report on Tuesday, January 5th. Roth Capital reiterated a “neutral” rating and issued a $150.00 target price on shares of Tesla in a research report on Thursday, January 28th. JMP Securities lowered shares of Tesla from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 28th. They noted that the move was a valuation call. Finally, FIX upgraded shares of Tesla to a “buy” rating in a research report on Tuesday, March 9th.
Shares of TSLA stock traded down $11.40 on Tuesday, hitting $673.50. The stock had a trading volume of 1,203,142 shares, compared to its average volume of 34,665,016. The firm has a market capitalization of $648.80 billion, a price-to-earnings ratio of 1,352.41, a P/E/G ratio of 8.81 and a beta of 2.18. The stock’s 50 day moving average is $687.41 and its 200-day moving average is $659.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.32 and a current ratio of 1.63. Tesla has a 52-week low of $139.60 and a 52-week high of $900.40.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Sunday, April 25th. The electric vehicle producer reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.14. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $9.89 billion. Tesla had a net margin of 1.97% and a return on equity of 4.93%. The firm’s revenue was up 73.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. Equities analysts expect that Tesla will post 1.02 earnings per share for the current year.
In other Tesla news, CFO Zachary Kirkhorn sold 1,250 shares of Tesla stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $778.17, for a total transaction of $972,712.50. Following the completion of the transaction, the chief financial officer now directly owns 55,007 shares of the company’s stock, valued at $42,804,797.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Vaibhav Taneja sold 1,844 shares of Tesla 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 145,153 shares of company stock valued at $109,617,129. Company insiders own 23.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in shares of Tesla by 64.1% in the fourth quarter. Northern Trust Corp now owns 8,094,441 shares of the electric vehicle producer’s stock valued at $5,712,005,000 after buying an additional 3,160,909 shares during the last quarter. Norges Bank bought a new stake in Tesla during the 4th quarter worth about $5,497,219,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Tesla by 7.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,058,655 shares of the electric vehicle producer’s stock worth $2,710,897,000 after purchasing an additional 297,388 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Tesla by 57.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,472,998 shares of the electric vehicle producer’s stock worth $2,450,790,000 after purchasing an additional 1,263,228 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Tesla by 61.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,384,831 shares of the electric vehicle producer’s stock worth $2,388,575,000 after purchasing an additional 1,288,796 shares during the last quarter. 41.39% of the stock is owned by institutional investors and hedge funds.
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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