UBS Group Boosts Tesla (TSLA) Price Target to $365.00

Tesla (NASDAQ:TSLA) had its price target upped by research analysts at UBS Group to $365.00 in a report issued on Thursday, www.boersen-zeitung.de reports. The firm presently has a “hold” rating on the electric vehicle producer’s stock. UBS Group’s price objective suggests a potential upside of 17.58% from the company’s current price.

A number of other equities analysts also recently issued reports on TSLA. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price target for the company in a research note on Friday, October 13th. Barclays reissued a “sell” rating on shares of Tesla in a research note on Sunday, October 15th. Oppenheimer reissued a “hold” rating on shares of Tesla in a research note on Monday, October 16th. Piper Jaffray Companies set a $386.00 price target on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research cut shares of Tesla from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Twelve investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $322.45.

Tesla (NASDAQ:TSLA) traded down $4.81 during mid-day trading on Thursday, reaching $310.42. 12,795,099 shares of the company were exchanged, compared to its average volume of 6,000,000. Tesla has a 12 month low of $242.01 and a 12 month high of $389.61. The company has a market capitalization of $52,170.00, a P/E ratio of -26.33 and a beta of 0.97. 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 (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($3.12) by $0.08. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm earned ($0.69) earnings per share. Tesla’s revenue was up 43.9% on a year-over-year basis. equities research analysts anticipate that Tesla will post -6.87 earnings per share for the current year.

In other news, Director Kimbal Musk sold 4,065 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the sale, the director now owns 154,589 shares in the company, valued at $48,244,135.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Eric Branderiz sold 801 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total transaction of $284,018.58. Following the sale, the vice president now owns 1,287 shares in the company, valued at approximately $456,344.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,231 shares of company stock worth $3,292,431. Corporate insiders own 23.10% of the company’s stock.

Several large investors have recently bought and sold shares of TSLA. Jennison Associates LLC grew its holdings in shares of Tesla by 17.1% during the fourth quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock valued at $1,053,158,000 after buying an additional 494,761 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Tesla by 126.6% during the third quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock valued at $186,601,000 after buying an additional 305,596 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Tesla by 77.1% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock valued at $197,922,000 after buying an additional 276,781 shares during the last quarter. Ariose Capital Management Ltd purchased a new stake in shares of Tesla during the third quarter valued at approximately $30,733,000. Finally, Lord Abbett & CO. LLC boosted its holdings in Tesla by 78.9% in the second quarter. Lord Abbett & CO. LLC now owns 152,146 shares of the electric vehicle producer’s stock worth $55,018,000 after purchasing an additional 67,120 shares during the last quarter. Hedge funds and other institutional investors own 57.35% 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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