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.
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.
COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/20/tesla-inc-tsla-receives-average-rating-of-hold-from-analysts.html.
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.
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.