Tesla Motors Upgraded to “Outperform” at Zacks (TSLA)
Tesla Motors (NASDAQ:TSLA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Thursday, AnalystRatingsNetwork reports. The firm currently has a $194.40 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 7.43% from the company’s current price.
Tesla Motors (NASDAQ:TSLA) traded down 5.60% on Thursday, hitting $170.82. The stock had a trading volume of 16,596,217 shares. Tesla Motors has a 52 week low of $26.86 and a 52 week high of $194.50. The stock has a 50-day moving average of $167. and a 200-day moving average of $108.0. The company’s market cap is $20.746 billion. Tesla Motors also was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 123,991 call options on the stock. This represents an increase of approximately 193% compared to the typical volume of 42,332 call options.
Tesla Motors (NASDAQ:TSLA) last released its earnings data on Wednesday, August 7th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.89) earnings per share. The company’s quarterly revenue was up 1417.2% on a year-over-year basis. Analysts expect that Tesla Motors will post $0.61 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TSLA. Analysts at Wedbush reiterated a “neutral” rating on shares of Tesla Motors (NASDAQ:TSLA) in a research note to investors on Thursday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tesla Motors (NASDAQ:TSLA) in a research note to investors on Thursday. They now have a $200.00 price target on the stock. Finally, analysts at Robert W. Baird downgraded shares of Tesla Motors (NASDAQ:TSLA) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $187.00 price target on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Tesla Motors has an average rating of “Hold” and a consensus price target of $149.38.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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