Tesla Inc. (NASDAQ:TSLA)‘s stock had its “buy” rating reiterated by equities researchers at Piper Jaffray Companies in a research note issued on Friday. They presently have a $362.00 price objective on the electric vehicle producer’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 20.97% from the company’s current price.

Several other research analysts have also issued reports on TSLA. Cowen and Company restated an “underperform” rating and set a $155.00 target price on shares of Tesla in a research report on Thursday, July 6th. Vetr upgraded Tesla from a “buy” rating to a “strong-buy” rating and set a $361.76 target price for the company in a research report on Monday, July 10th. Royal Bank Of Canada restated a “hold” rating and set a $314.00 target price on shares of Tesla in a research report on Wednesday, July 12th. Citigroup Inc initiated coverage on Tesla in a research report on Thursday, July 20th. They set a “neutral” rating and a $357.00 target price for the company. Finally, UBS Group AG (USA) restated a “sell” rating and set a $185.00 target price on shares of Tesla in a research report on Wednesday, July 26th. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $330.44.

Shares of Tesla (NASDAQ TSLA) traded down $32.27 during trading hours on Friday, hitting $299.26. The company’s stock had a trading volume of 19,731,322 shares, compared to its average volume of 6,175,498. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.60 and a current ratio of 0.97.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.80% and a negative net margin of 13.09%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. equities research analysts forecast that Tesla will post -9.53 EPS for the current fiscal year.

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In other Tesla news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total value of $723,335.10. Following the sale, the director now directly owns 154,419 shares of the company’s stock, valued at $51,003,051.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the completion of the sale, the director now directly owns 36,111 shares in the company, valued at $12,290,739.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,182 shares of company stock worth $18,113,840. 23.10% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Tesla by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 98,790 shares of the electric vehicle producer’s stock worth $27,492,000 after acquiring an additional 1,894 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Tesla by 5.0% during the 1st quarter. Nuveen Asset Management LLC now owns 19,732 shares of the electric vehicle producer’s stock worth $5,491,000 after acquiring an additional 932 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Tesla by 1.6% during the 2nd quarter. DnB Asset Management AS now owns 13,621 shares of the electric vehicle producer’s stock worth $4,927,000 after acquiring an additional 210 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Tesla by 4.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 12,343 shares of the electric vehicle producer’s stock worth $4,463,000 after acquiring an additional 521 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Tesla by 4.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,750 shares of the electric vehicle producer’s stock worth $6,780,000 after acquiring an additional 728 shares in the last quarter. 56.45% of the stock is currently owned by institutional investors.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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