Tesla Motors Inc. (TSLA) Given a $165.00 Price Target at Barclays PLC
Tesla Motors Inc. (NASDAQ:TSLA) has been given a $165.00 price objective by equities researchers at Barclays PLC in a research report issued to clients and investors on Monday. The brokerage currently has a a “sell” rating on the electric vehicle producer’s stock. Barclays PLC’s price objective suggests a potential downside of 17.89% from the stock’s current price.
Several other research firms have also recently issued reports on TSLA. Robert W. Baird reissued a “buy” rating and set a $338.00 target price on shares of Tesla Motors in a research note on Monday, August 1st. Vetr cut Tesla Motors from a “hold” rating to a “sell” rating and set a $227.49 price target on the stock. in a research note on Monday, August 1st. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Tesla Motors in a research note on Friday, August 5th. RBC Capital Markets set a $210.00 price target on Tesla Motors and gave the stock a “hold” rating in a research note on Thursday, July 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $245.00 price target on shares of Tesla Motors in a research note on Wednesday, August 3rd. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Tesla Motors has a consensus rating of “Hold” and a consensus target price of $246.20.
Shares of Tesla Motors (NASDAQ:TSLA) traded down 0.69% during midday trading on Monday, hitting $199.57. The stock had a trading volume of 1,916,560 shares. Tesla Motors has a 12 month low of $141.05 and a 12 month high of $269.34. The stock’s market cap is $29.67 billion. The stock’s 50-day moving average is $206.55 and its 200-day moving average is $221.42.
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Tesla Motors (NASDAQ:TSLA) last posted its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. Tesla Motors had a negative net margin of 24.64% and a negative return on equity of 46.30%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm posted ($0.48) earnings per share. Tesla Motors’s quarterly revenue was up 30.5% on a year-over-year basis. Equities analysts anticipate that Tesla Motors will post ($0.93) EPS for the current year.
Several large investors have recently modified their holdings of the company. Baillie Gifford & Co. raised its stake in shares of Tesla Motors by 9.5% in the second quarter. Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer’s stock worth $2,773,818,000 after buying an additional 1,137,759 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Tesla Motors by 13.4% in the second quarter. Vanguard Group Inc. now owns 4,894,369 shares of the electric vehicle producer’s stock worth $1,038,976,000 after buying an additional 578,459 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Tesla Motors by 24.2% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 808,661 shares of the electric vehicle producer’s stock worth $171,663,000 after buying an additional 157,425 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Tesla Motors by 6.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 755,475 shares of the electric vehicle producer’s stock worth $160,372,000 after buying an additional 48,581 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Tesla Motors by 8.7% in the second quarter. American Century Companies Inc. now owns 683,673 shares of the electric vehicle producer’s stock worth $145,130,000 after buying an additional 54,661 shares in the last quarter. 66.62% of the stock is owned by hedge funds and other institutional investors.
About Tesla Motors
Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.
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