Tesla Motors Given Buy Rating at Dougherty & Co (TSLA)
Tesla Motors (NASDAQ:TSLA)‘s stock had its “buy” rating restated by research analysts at Dougherty & Co in a report released on Tuesday, StockRatingsNetwork.com reports. They currently have a $200.00 target price on the stock. Dougherty & Co’s price objective would suggest a potential upside of 24.46% from the company’s current price.
A number of other firms have also recently commented on TSLA. Analysts at TheStreet reiterated a “hold” rating on shares of Tesla Motors (NASDAQ:TSLA) in a research note to investors on Thursday, August 22nd. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Tesla Motors (NASDAQ:TSLA) in a research note to investors on Wednesday, August 21st. They set a “hold” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks downgraded shares of Tesla Motors (NASDAQ:TSLA) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th. They now have a $155.50 price target on the stock.
Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $140.53.
Tesla Motors (NASDAQ:TSLA) opened at 161.72 on Tuesday. Tesla Motors has a 52-week low of $26.86 and a 52-week high of $173.70. The stock’s 50-day moving average is $147.6 and its 200-day moving average is $91.22. The company’s market cap is $19.641 billion.
Tesla Motors (NASDAQ:TSLA) last announced its earnings results 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 $0.63 earnings per share for the current fiscal year.
In other Tesla Motors news, Director Ira Matthew Ehrenpreis sold 60,052 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $163.96, for a total value of $9,846,125.92. Following the completion of the sale, the director now directly owns 5,884 shares of the company’s stock. 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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