Tesla Motors Earns Outperform Rating from Analysts at Credit Agricole (TSLA)
Research analysts at Credit Agricole assumed coverage on shares of Tesla Motors (NASDAQ:TSLA) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $300.00 price target on the stock. Credit Agricole’s target price would suggest a potential upside of 17.32% from the company’s previous close.
Shares of Tesla Motors (NASDAQ:TSLA) traded down 0.41% during mid-day trading on Wednesday, hitting $255.71. The stock had a trading volume of 3,012,310 shares. Tesla Motors has a one year low of $116.10 and a one year high of $267.26. The stock’s 50-day moving average is $234.0 and its 200-day moving average is $218.7. The company’s market cap is $31.869 billion.
Tesla Motors (NASDAQ:TSLA) last announced its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters 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.
TSLA has been the subject of a number of other recent research reports. Analysts at Credit Suisse initiated coverage on shares of Tesla Motors in a research note on Wednesday, August 13th. 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. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $246.81.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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