Recent Investment Analysts’ Ratings Updates for Tesla (TSLA)

Several brokerages have updated their recommendations and price targets on shares of Tesla (NASDAQ: TSLA) in the last few weeks:

  • 11/1/2019 – Tesla had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 10/31/2019 – Tesla had its price target raised by analysts at Morgan Stanley from $230.00 to $250.00. They now have an “equal weight” rating on the stock.
  • 10/29/2019 – Tesla was downgraded by analysts at Roth Capital from a “neutral” rating to a “sell” rating. They now have a $249.00 price target on the stock.
  • 10/29/2019 – Tesla was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating.
  • 10/25/2019 – Tesla had its price target raised by analysts at Barclays PLC from $150.00 to $200.00. They now have an “underweight” rating on the stock.
  • 10/25/2019 – Tesla was given a new $396.00 price target on by analysts at Argus. They now have a “buy” rating on the stock.
  • 10/24/2019 – Tesla had its price target raised by analysts at Credit Suisse Group AG from $189.00 to $200.00. They now have an “underperform” rating on the stock.
  • 10/24/2019 – Tesla was given a new $220.00 price target on by analysts at Royal Bank of Canada. They now have an “underperform” rating on the stock.
  • 10/24/2019 – Tesla had its price target raised by analysts at Bank of America Corp from $225.00 to $235.00. They now have an “underperform” rating on the stock.
  • 10/24/2019 – Tesla had its price target raised by analysts at Roth Capital from $224.00 to $249.00. They now have a “sell” rating on the stock.
  • 10/24/2019 – Tesla had its “sell” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $220.00 price target on the stock.
  • 10/24/2019 – Tesla had its price target raised by analysts at Wedbush from $220.00 to $270.00. They now have a “neutral” rating on the stock.
  • 10/24/2019 – Tesla had its price target raised by analysts at Canaccord Genuity from $350.00 to $375.00. They now have a “buy” rating on the stock.
  • 10/24/2019 – Tesla had its price target raised by analysts at Oppenheimer Holdings Inc. from $356.00 to $385.00.
  • 10/18/2019 – Tesla was given a new $190.00 price target on by analysts at Royal Bank of Canada. They now have a “sell” rating on the stock.
  • 10/18/2019 – Tesla was given a new $220.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 10/18/2019 – Tesla had its price target lowered by analysts at Piper Jaffray Companies from $386.00 to $372.00.
  • 10/15/2019 – Tesla was given a new $300.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “buy” rating on the stock.
  • 10/15/2019 – Tesla was given a new $356.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 10/11/2019 – Tesla was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/7/2019 – Tesla was given a new $195.00 price target on by analysts at Nord/LB. They now have a “sell” rating on the stock.
  • 10/4/2019 – Tesla was given a new $189.00 price target on by analysts at Credit Suisse Group AG. They now have a “sell” rating on the stock.
  • 10/3/2019 – Tesla had its “weight” rating reaffirmed by analysts at Morgan Stanley.
  • 10/3/2019 – Tesla had its “underperform” rating reaffirmed by analysts at Needham & Company LLC.
  • 10/3/2019 – Tesla was given a new $200.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “sell” rating on the stock.
  • 10/3/2019 – Tesla had its “sell” rating reaffirmed by analysts at Royal Bank of Canada.
  • 10/3/2019 – Tesla had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $220.00 price target on the stock.
  • 10/3/2019 – Tesla had its “neutral” rating reaffirmed by analysts at Nomura.
  • 10/3/2019 – Tesla was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating. They now have a $232.00 price target on the stock.
  • 10/2/2019 – Tesla is now covered by analysts at BNP Paribas. They set an “outperform” rating on the stock.
  • 9/30/2019 – Tesla was given a new $140.00 price target on by analysts at Cowen Inc. They now have a “sell” rating on the stock.
  • 9/26/2019 – Tesla was given a new $189.00 price target on by analysts at Credit Suisse Group AG. They now have a “sell” rating on the stock.
  • 9/26/2019 – Tesla was given a new $386.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 9/26/2019 – Tesla is now covered by analysts at China Renaissance Securities Ltd.. They set a “buy” rating and a $324.00 price target on the stock.
  • 9/18/2019 – Tesla was given a new $230.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 9/10/2019 – Tesla was given a new $190.00 price target on by analysts at Royal Bank of Canada. They now have a “sell” rating on the stock.
  • 9/10/2019 – Tesla was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

TSLA traded down $0.61 during mid-day trading on Friday, reaching $334.93. 174,665 shares of the stock were exchanged, compared to its average volume of 10,241,594. The company has a 50 day moving average price of $267.02 and a two-hundred day moving average price of $237.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.73 and a current ratio of 1.08. The stock has a market capitalization of $57.18 billion, a PE ratio of -58.55 and a beta of 0.58. Tesla Inc has a 1 year low of $176.99 and a 1 year high of $379.49.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $2.28. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.48 billion. Tesla had a negative net margin of 3.39% and a negative return on equity of 13.42%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.90 EPS. Sell-side analysts expect that Tesla Inc will post -5.12 EPS for the current fiscal year.

In related news, Director Kathleen Wilson-Thompson purchased 360 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $221.71 per share, with a total value of $79,815.60. Following the acquisition, the director now owns 360 shares of the company’s stock, valued at $79,815.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jerome M. Guillen sold 8,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $305.00, for a total transaction of $2,440,000.00. Following the completion of the transaction, the insider now directly owns 16,973 shares in the company, valued at $5,176,765. The disclosure for this sale can be found here. Insiders sold a total of 12,816 shares of company stock worth $3,923,060 over the last three months. 24.40% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Clarus Wealth Advisors raised its stake in Tesla by 83.3% in the 2nd quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock valued at $25,000 after acquiring an additional 50 shares during the period. Personal Wealth Partners increased its position in shares of Tesla by 5,000.0% during the third quarter. Personal Wealth Partners now owns 102 shares of the electric vehicle producer’s stock valued at $25,000 after buying an additional 100 shares during the period. Trustcore Financial Services LLC increased its position in shares of Tesla by 121.8% during the second quarter. Trustcore Financial Services LLC now owns 122 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 67 shares during the period. AllSquare Wealth Management LLC bought a new stake in shares of Tesla during the second quarter valued at about $28,000. Finally, Bedel Financial Consulting Inc. increased its position in shares of Tesla by 197.7% during the second quarter. Bedel Financial Consulting Inc. now owns 128 shares of the electric vehicle producer’s stock valued at $29,000 after buying an additional 85 shares during the period. 54.61% of the stock is currently owned by institutional investors.

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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