Tesla Inc (TSLA) Receives Average Rating of “Hold” from Analysts

Tesla Inc (NASDAQ:TSLA) has been assigned a consensus recommendation of “Hold” from the thirty-six research firms that are currently covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $334.25.

A number of analysts have recently weighed in on the company. Cowen reiterated a “sell” rating on shares of Tesla in a research report on Friday. Vetr downgraded Tesla from a “buy” rating to a “hold” rating and set a $331.97 target price for the company. in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Tesla from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. KeyCorp reiterated a “hold” rating on shares of Tesla in a research report on Thursday, January 4th. Finally, Nomura reiterated a “buy” rating and set a $500.00 target price on shares of Tesla in a research report on Thursday, January 4th.

In other Tesla news, VP Eric Branderiz sold 1,229 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $312.61, for a total value of $384,197.69. Following the completion of the transaction, the vice president now owns 4,808 shares of the company’s stock, valued at approximately $1,503,028.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John Douglas Field sold 600 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the transaction, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,692 shares of company stock valued at $5,026,873. 23.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Wealthcare Advisory Partners LLC acquired a new position in Tesla in the 3rd quarter worth about $100,000. Mckinley Capital Management LLC Delaware acquired a new position in Tesla in the 3rd quarter worth about $106,000. First Personal Financial Services acquired a new position in Tesla in the 3rd quarter worth about $148,000. WFG Advisors LP increased its holdings in Tesla by 106.8% in the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after purchasing an additional 236 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Tesla by 21.6% in the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after purchasing an additional 95 shares in the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Shares of Tesla (NASDAQ:TSLA) opened at $350.02 on Friday. The firm has a market capitalization of $58,830.00, a price-to-earnings ratio of -40.89 and a beta of 0.94. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla has a 1 year low of $242.01 and a 1 year high of $389.61.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 24.88% and a negative net margin of 13.09%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. sell-side analysts anticipate that Tesla will post -11.38 earnings per share for the current year.

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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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