Tesla Motors Inc. (TSLA) Given a $165.00 Price Target by Barclays PLC Analysts
Tesla Motors Inc. (NASDAQ:TSLA) has been assigned a $165.00 price objective by equities research analysts at Barclays PLC in a research report issued on Monday. The firm currently has a a “sell” rating on the electric vehicle producer’s stock. Barclays PLC’s target price points to a potential downside of 17.89% from the stock’s current price.
Other analysts also recently issued reports about the stock. Oppenheimer Holdings Inc. restated a “” rating on shares of Tesla Motors in a research report on Monday, July 25th. Global Equities Research reiterated a “buy” rating and issued a $385.00 price target on shares of Tesla Motors in a report on Monday, June 13th. Vetr downgraded shares of Tesla Motors from a “strong-buy” rating to a “buy” rating and set a $221.86 price target on the stock. in a report on Tuesday, June 28th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $240.00 price target on shares of Tesla Motors in a report on Wednesday, July 6th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $338.00 price target on shares of Tesla Motors in a report on Monday, August 1st. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tesla Motors presently has a consensus rating of “Hold” and a consensus target price of $246.20.
Tesla Motors (NASDAQ:TSLA) traded down 0.525% during mid-day trading on Monday, hitting $199.896. 1,833,275 shares of the stock were exchanged. Tesla Motors has a 52 week low of $141.05 and a 52 week high of $269.34. The company’s 50-day moving average price is $206.55 and its 200 day moving average price is $221.42. The firm’s market capitalization is $29.72 billion.
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Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.67 billion. Tesla Motors had a negative net margin of 24.64% and a negative return on equity of 46.30%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.48) earnings per share. Equities research analysts expect that Tesla Motors will post ($0.93) EPS for the current year.
A number of institutional investors have recently bought and sold shares of TSLA. Baillie Gifford & Co. boosted 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 during the period. Vanguard Group Inc. boosted 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 during the period. Bloom Tree Partners LLC acquired a new stake in shares of Tesla Motors during the first quarter worth approximately $59,515,000. State Treasurer State of Michigan boosted its stake in shares of Tesla Motors by 224.0% in the second quarter. State Treasurer State of Michigan now owns 339,623 shares of the electric vehicle producer’s stock worth $72,095,000 after buying an additional 234,802 shares during the period. Finally, Blue Ridge Capital L.L.C. acquired a new stake in shares of Tesla Motors during the second quarter worth approximately $40,596,000. 66.62% of the stock is currently owned by institutional investors and hedge funds.
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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