Tesla’s (TSLA) “Hold” Rating Reiterated at KeyCorp

Tesla (NASDAQ:TSLA)‘s stock had its “hold” rating reissued by equities research analysts at KeyCorp in a note issued to investors on Thursday.

A number of other equities research analysts also recently issued reports on TSLA. Nomura reiterated a “buy” rating and issued a $500.00 target price on shares of Tesla in a research report on Thursday. Barclays reiterated a “sell” rating and issued a $210.00 target price on shares of Tesla in a research report on Thursday. Bank of America set a $155.00 target price on shares of Tesla and gave the stock a “sell” rating in a research report on Wednesday. Vetr downgraded shares of Tesla from a “buy” rating to a “hold” rating and set a $331.71 target price for the company. in a research report on Wednesday. Finally, ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Sunday. Twelve equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $329.47.

Tesla (NASDAQ:TSLA) traded down $2.63 during trading on Thursday, reaching $314.62. 9,949,822 shares of the company were exchanged, compared to its average volume of 6,270,862. Tesla has a 1 year low of $221.95 and a 1 year high of $389.61. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market cap of $52,880.00, a price-to-earnings ratio of -36.75 and a beta of 0.94.

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

In other news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total transaction of $589,354.64. Following the sale, the vice president now directly owns 1,736 shares in the company, valued at approximately $589,354.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total transaction of $723,335.10. Following the sale, the director now owns 154,419 shares in the company, valued at $51,003,051.51. The disclosure for this sale can be found here. Insiders sold a total of 10,627 shares of company stock worth $3,423,398 over the last 90 days. Company insiders own 23.10% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Harfst & Associates Inc. boosted its position in shares of Tesla by 4.9% during the 2nd quarter. Harfst & Associates Inc. now owns 984 shares of the electric vehicle producer’s stock valued at $355,000 after acquiring an additional 46 shares in the last quarter. Rikoon Group LLC boosted its position in shares of Tesla by 7.8% during the 2nd quarter. Rikoon Group LLC now owns 691 shares of the electric vehicle producer’s stock valued at $249,000 after acquiring an additional 50 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in shares of Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after acquiring an additional 50 shares in the last quarter. Linscomb & Williams Inc. lifted its holdings in Tesla by 1.4% during the 2nd quarter. Linscomb & Williams Inc. now owns 6,630 shares of the electric vehicle producer’s stock valued at $2,397,000 after purchasing an additional 90 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Tesla by 21.6% during the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock valued at $193,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

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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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