Tesla Inc (TSLA) Given Consensus Rating of “Hold” by Analysts

Tesla Inc (NASDAQ:TSLA) has been given an average rating of “Hold” by the thirty-six analysts that are presently covering the firm, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $333.37.

Several brokerages have recently commented on TSLA. BidaskClub downgraded Tesla from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup began coverage on Tesla in a research report on Tuesday. They set a “buy” rating and a $425.00 price target on the stock. Zacks Investment Research lowered Tesla from a “hold” rating to a “sell” rating in a research report on Tuesday. Vetr lowered Tesla from a “buy” rating to a “hold” rating and set a $330.54 price target on the stock. in a research report on Wednesday. Finally, UBS Group set a $195.00 price target on Tesla and gave the company a “sell” rating in a research report on Friday, February 9th.

Shares of Tesla (TSLA) opened at $323.66 on Wednesday. Tesla has a fifty-two week low of $242.01 and a fifty-two week high of $389.61. The company has a market capitalization of $54,400.00, a price-to-earnings ratio of -27.45 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 announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating the consensus estimate of ($3.12) by $0.08. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The business 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 business posted ($0.69) earnings per share. Tesla’s revenue was up 43.9% compared to the same quarter last year. sell-side analysts anticipate that Tesla will post -6.87 EPS for the current year.

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 transaction, the vice president now directly 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 accessible through the SEC website. Also, Director Kimbal Musk sold 4,065 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the completion of the transaction, the director now directly owns 154,589 shares in the company, valued at $48,244,135.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,231 shares of company stock worth $3,292,431. Insiders own 23.10% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Investec Asset Management LTD increased its holdings in shares of Tesla by 78.0% during the 3rd quarter. Investec Asset Management LTD now owns 3,690 shares of the electric vehicle producer’s stock valued at $1,259,000 after acquiring an additional 1,617 shares during the last quarter. Smith Moore & CO. increased its holdings in shares of Tesla by 56.3% during the 3rd quarter. Smith Moore & CO. now owns 972 shares of the electric vehicle producer’s stock valued at $332,000 after acquiring an additional 350 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Tesla during the 2nd quarter valued at about $681,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Tesla by 2.1% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,569 shares of the electric vehicle producer’s stock valued at $13,156,000 after acquiring an additional 784 shares during the last quarter. Finally, Arrow Financial Corp increased its holdings in shares of Tesla by 13.7% during the 3rd quarter. Arrow Financial Corp now owns 9,338 shares of the electric vehicle producer’s stock valued at $3,186,000 after acquiring an additional 1,127 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/14/tesla-inc-tsla-given-consensus-rating-of-hold-by-analysts.html.

About Tesla

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)

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.

Leave a Reply