Tesla Motors Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:TSLA)
Tesla Motors (NASDAQ:TSLA) has been given an average rating of “Buy” by the twenty-two ratings firms that are currently covering the company, Stock Ratings Network.com reports. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $243.26.
Shares of Tesla Motors (NASDAQ:TSLA) opened at 262.01 on Wednesday. Tesla Motors has a 52-week low of $116.10 and a 52-week high of $265.64. The stock’s 50-day moving average is $232. and its 200-day moving average is $217.0. The company’s market cap is $32.654 billion.
Tesla Motors (NASDAQ:TSLA) last released its earnings data on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.07. The company had revenue of $857.50 million for the quarter, compared to the consensus estimate of $810.57 million. During the same quarter last year, the company posted $0.05 earnings per share. Tesla Motors’s revenue was up 55.3% compared to the same quarter last year. On average, analysts predict that Tesla Motors will post $1.08 earnings per share for the current fiscal year.
A number of research firms have recently commented on TSLA. Analysts at Credit Suisse initiated coverage on shares of Tesla Motors in a research note on Wednesday. They set an “outperform” rating and a $324.93 price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of Tesla Motors from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. They now have a $310.00 price target on the stock, up previously from $220.00. Finally, analysts at Pacific Crest initiated coverage on shares of Tesla Motors in a research note on Tuesday, August 5th. They set an “outperform” rating and a $316.00 price target on the stock.
In other Tesla Motors news, Director Kimbal Musk sold 4,287 shares of the stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $234.46, for a total value of $1,005,130.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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