Tesla (NASDAQ:TSLA) had its price objective upped by JPMorgan Chase & Co. from $65.00 to $75.00 in a report published on Monday morning, The Fly reports. They currently have an underweight rating on the electric vehicle producer’s stock. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently weighed in on the stock. Independent Research reaffirmed a sell rating and set a $114.00 target price on shares of Tesla in a research note on Wednesday, September 2nd. Oppenheimer reaffirmed a buy rating on shares of Tesla in a research note on Friday. Canaccord Genuity cut their target price on shares of Tesla from $442.00 to $377.00 and set a hold rating on the stock in a research note on Wednesday, September 23rd.
BidaskClub upgraded shares of Tesla from a buy rating to a strong-buy rating in a report on Thursday, September 17th. Finally, JMP Securities cut shares of Tesla from an outperform rating to a market perform rating in a report on Tuesday, July 21st. Nine analysts have rated the stock with a sell rating, eighteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tesla has a consensus rating of Hold and a consensus price target of $205.12.
Tesla stock opened at $425.68 on Monday. The company’s 50 day simple moving average is $413.66 and its 200-day simple moving average is $247.47. The company has a market capitalization of $394.54 billion, a price-to-earnings ratio of 1,108.54, a price-to-earnings-growth ratio of 15.47 and a beta of 1.63. Tesla has a 1 year low of $45.71 and a 1 year high of $502.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 1.25.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.91. Tesla had a net margin of 1.43% and a return on equity of 4.19%. The business had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the firm earned ($0.22) EPS. Equities analysts expect that Tesla will post 0.69 earnings per share for the current year.
In related news, SVP Andrew D. Baglino sold 1,500 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $387.44, for a total value of $581,160.00. Following the completion of the sale, the senior vice president now owns 21,837 shares in the company, valued at approximately $8,460,527.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Zachary Kirkhorn sold 250 shares of the company’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $1,513.45, for a total transaction of $378,362.50. Following the completion of the sale, the chief financial officer now owns 11,581 shares of the company’s stock, valued at approximately $17,527,264.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,904 shares of company stock valued at $78,051,418. 23.00% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Boltwood Capital Management purchased a new position in Tesla during the 3rd quarter worth $268,000. Independence Bank of Kentucky purchased a new position in Tesla during the 3rd quarter worth $54,000. John W. Brooker & Co. CPAs raised its position in Tesla by 400.0% during the 3rd quarter. John W. Brooker & Co. CPAs now owns 1,535 shares of the electric vehicle producer’s stock worth $659,000 after buying an additional 1,228 shares during the last quarter. State of Alaska Department of Revenue raised its position in Tesla by 558.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 2,100 shares of the electric vehicle producer’s stock worth $900,000 after buying an additional 1,781 shares during the last quarter. Finally, Belmont Capital LLC raised its position in Tesla by 400.0% during the 3rd quarter. Belmont Capital LLC now owns 2,035 shares of the electric vehicle producer’s stock worth $873,000 after buying an additional 1,628 shares during the last quarter. Institutional investors own 48.22% of the company’s stock.
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.