Tesla Motors Stock Rating Reaffirmed by TheStreet (TSLA)
Tesla Motors (NASDAQ:TSLA)‘s stock had its “sell” rating reaffirmed by stock analysts at TheStreet in a report issued on Friday, ARN reports.
The analysts wrote, “Tesla Motors (TSLA) has been reiterated by TheStreet Ratings as a sell with a ratings score of D. Among the areas we feel are negative, one of the most important has been poor profit margins.”
Tesla Motors (NASDAQ:TSLA) traded up 0.97% on Friday, hitting $174.60. The stock had a trading volume of 2,745,921 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 $173.1 and a 200-day moving average of $113.5. The company’s market cap is $21.205 billion.
Tesla Motors (NASDAQ:TSLA) last released its earnings data on Wednesday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.89) earnings per share. The company’s revenue for the quarter was up 1417.2% on a year-over-year basis. On average, analysts predict that Tesla Motors will post $0.62 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on TSLA. Analysts at Jefferies Group raised their price target on shares of Tesla Motors from $160.00 to $210.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Standpoint Research initiated coverage on shares of Tesla Motors in a research note to investors on Friday, October 4th. They set a “sell” rating and a $140.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Tesla Motors from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $194.40 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $151.63.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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