Tesla (TSLA) Receives “Sell” Rating from Barclays

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reiterated by analysts at Barclays in a report issued on Thursday. They presently have a $210.00 price target on the electric vehicle producer’s stock. Barclays’ target price would suggest a potential downside of 33.81% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price objective for the company in a research report on Friday, October 13th. Morgan Stanley restated a “hold” rating and issued a $317.00 price objective on shares of Tesla in a research report on Thursday, September 7th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $265.00 target price on shares of Tesla in a report on Tuesday, October 3rd. Global Equities Research reaffirmed a “buy” rating and issued a $485.00 target price on shares of Tesla in a report on Wednesday, November 29th. Finally, Jefferies Group cut shares of Tesla from an “in-line” rating to an “underperform” rating and dropped their target price for the company from $312.00 to $240.00 in a report on Friday, October 27th. Twelve investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. Tesla presently has a consensus rating of “Hold” and an average price target of $329.47.

Shares of Tesla (TSLA) traded down $3.28 during trading hours on Thursday, reaching $317.25. 4,512,200 shares of the company were exchanged, compared to its average volume of 4,432,200. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. The firm has a market capitalization of $52,680.00, a P/E ratio of -37.06 and a beta of 0.94. Tesla has a 1 year low of $214.31 and a 1 year high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.09) by $0.17. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. analysts predict that Tesla will post -11.38 earnings per share for the current fiscal year.

In other news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total transaction of $723,335.10. Following the completion of the transaction, the director now directly owns 154,419 shares of the company’s stock, valued at approximately $51,003,051.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Eric Branderiz sold 1,736 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total transaction of $589,354.64. Following the transaction, the vice president now directly owns 1,736 shares of the company’s stock, valued at $589,354.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,627 shares of company stock valued at $3,423,398. Corporate insiders own 23.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its stake in Tesla by 14.5% in the 3rd quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock worth $100,000 after acquiring an additional 62 shares during the period. Reilly Financial Advisors LLC grew its stake in Tesla by 92.9% in the 3rd quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock worth $100,000 after acquiring an additional 237 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Tesla in the 3rd quarter worth approximately $100,000. Crestwood Advisors Group LLC purchased a new stake in Tesla in the 1st quarter worth approximately $101,000. Finally, Independent Advisor Alliance purchased a new stake in Tesla in the 4th quarter worth approximately $102,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

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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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