As per Monday, August 14, the company rating was maintained by Robert W. Baird. Bank of America Corporation now has a $155.00 price target on the electric vehicle producer's stock.
Basically, a price target is an individual analyst's projection on the future price of a stock. It improved, as 83 investors sold TSLA shares while 159 reduced holdings.
On August 17 Citigroup kept the stock rating at "Neutral" but raised the price expectation from $357.00 to $371.00. Cowen & Co maintained the shares of PM in report on Monday, August 21 with "Buy" rating. For the most recent quarter, quick ratio was 0.60, current ratio was 1.00, LT Debt/Equity ratio was 1.40 and Total Debt/Equity ratio stands at 1.56, while Payout ratio is -. Barclays Capital maintained Tesla Inc (NASDAQ:TSLA) on Tuesday, February 9 with "Underweight" rating.
Tesla Motors, Inc. was covered by a number of analysts recently, 4 rated the stock as Buy, 8 rated Hold, 2 rated sell and 5 gave an Underperform. With the last stock price up 7.37% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same time.
Tesla, Inc. (NASDAQ:TSLA) shares were trading higher by 1.94 percent ($6.61) at $348.14 a piece in Tuesday's session. Insiders have sold 10,791 shares of company stock worth $2,975,122 in the last three months. It is trading at $356.93 a tad higher than $354.47, the 50 day moving average and just a bit higher than the 200 day moving average of $333.05. The stock's 52-week range is $178.19 to $389.61, and its 3-month range is $ to $. Argus Research downgraded Tesla Inc (NASDAQ:TSLA) on Tuesday, June 28 to "Hold" rating. The company reported the earnings of $-1.33/Share in the last quarter where the estimated EPS by analysts was $-1.82/share. The Higher end of the revenue forecast is $4.6 Billion, while the Lower end of the forecast is $2.96 Billion. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm's revenue for the quarter was up 88.2% compared to the same quarter a year ago. They expect $1.38 earnings per share, up 10.40% or $0.13 from last year's $1.25 per share. Tesla, Inc. earnings have declined with an annualized rate of -13.1% over the last 5 years. Carnegie Cap Asset Mngmt Llc stated it has 0.11% in Tesla Inc (NASDAQ:TSLA). If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & global copyright law.
08/04/2017 - Tesla Motors, Inc. had its "sell" rating reiterated by analysts at Goldman Sachs. The stock rose 0.64% or $2.2 reaching $343.3 per share. The shares were sold at an average price of $340.36, for a total value of $15,240,299.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric Branderiz sold 99 shares of the stock in a transaction on Tuesday, September 5th. Insiders own 23.10% of the company's stock. The disclosure for this sale can be found here.
A number of other hedge funds have also made changes to their positions in TSLA.
"Tesla is vertically integrated, owning both the manufacturing and much of the supply chain, similar to Intel when it scaled revenues from $4bn to $34bn during the 1990s' PC era", Shah wrote in a note to clients. Institutional investors own 56.63% of the company's stock. Gm Advisory holds 0.07% of its portfolio in Tesla Inc (NASDAQ:TSLA) for 610 shares. Green Square Capital LLC boosted its stake in shares of Tesla by 0.8% in the third quarter. Jennison Associates LLC now owns 3,002,685 shares of the electric vehicle producer's stock worth $1,085,801,000 after purchasing an additional 124,511 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its holdings in Tesla by 74.2% during the second quarter.
On a weekly basis, the stock is 4.59%. Finally, Vetr upgraded Tesla from a "buy" rating to a "strong-buy" rating and set a $361.76 target price for the company in a research note on Monday, July 10th. Cwm Lc reported 209 shares or 0% of all its holdings. The current consensus recommendation provided by covering analysts is 2.80. Through its Retail Solutions North America segment, the Company provides technology solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers and other industry participants manage the acquisition, sale, financing, insuring, parts supply, fix and maintenance of vehicles.