Tesla Motors Now Covered by Stifel Nicolaus (TSLA)
Research analysts at Stifel Nicolaus began coverage on shares of Tesla Motors (NASDAQ:TSLA) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock. The analysts noted that the move was a valuation call.
Shares of Tesla Motors (NASDAQ:TSLA) traded up 0.89% on Wednesday, hitting $149.18. The stock had a trading volume of 1,570,812 shares. Tesla Motors has a 52-week low of $26.86 and a 52-week high of $158.88. The stock has a 50-day moving average of $132.3 and a 200-day moving average of $90.53. The company’s market cap is $18.118 billion.
Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.36. The company had revenue of $405.10 million for the quarter, compared to the consensus estimate of $393.40 million. During the same quarter last year, the company posted ($0.89) earnings per share. Tesla Motors’s revenue was up 1417.2% compared to the same quarter last year. On average, analysts predict that Tesla Motors will post $0.55 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Tesla Motors from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $155.50 price target on the stock. Separately, analysts at Lazard Capital Markets downgraded shares of Tesla Motors from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $100.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Morgan Stanley raised their price target on shares of Tesla Motors from $109.00 to $149.00 in a research note to investors on Friday, August 9th.
Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $134.13.
In other Tesla Motors news, VP Gregory Reichow unloaded 2,084 shares of Tesla Motors stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $141.19, for a total transaction of $294,239.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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