(Ticker Report) – Tesla (NASDAQ:TSLA) had its price target upped by Smith Barney Citigroup from $117.00 to $137.00 in a research report sent to investors on Tuesday, The Fly reports.
TSLA has been the topic of several other research reports. Cowen upgraded Tesla from an underperform rating to a market perform rating and upped their price target for the stock from $60.00 to $220.00 in a research note on Thursday, July 23rd. Argus upgraded Tesla from a hold rating to a buy rating in a research note on Friday, July 24th.
Deutsche Bank Aktiengesellschaft raised Tesla from a hold rating to a buy rating and upped their price objective for the company from $400.00 to $500.00 in a research report on Wednesday, September 23rd. Independent Research reaffirmed a sell rating and issued a $114.00 price objective on shares of Tesla in a research report on Wednesday, September 2nd. Finally, Daiwa Capital Markets cut Tesla from an outperform rating to a neutral rating in a research report on Friday, July 24th. Eleven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tesla has an average rating of Hold and a consensus target price of $246.31.
TSLA stock opened at $424.68 on Tuesday. Tesla has a fifty-two week low of $61.85 and a fifty-two week high of $502.49. The business’s 50 day moving average price is $419.72 and its two-hundred day moving average price is $284.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 1.25. The company has a market capitalization of $393.62 billion, a price-to-earnings ratio of 1,105.94, a price-to-earnings-growth ratio of 20.46 and a beta of 1.68.
Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.54. Tesla had a return on equity of 4.19% and a net margin of 1.43%. During the same quarter in the prior year, the business posted $0.37 EPS. Sell-side analysts forecast that Tesla will post 0.62 earnings per share for the current year.
In related news, Director Robyn M. Denholm sold 26,167 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $1,488.13, for a total value of $38,939,897.71. Following the completion of the transaction, the director now owns 14,333 shares of the company’s stock, valued at approximately $21,329,367.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Kirkhorn sold 1,250 shares of the stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $446.24, for a total transaction of $557,800.00. Following the completion of the transaction, the chief financial officer now directly owns 56,874 shares of the company’s stock, valued at approximately $25,379,453.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,621 shares of company stock valued at $73,140,239. 23.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capstone Financial Group Inc. bought a new stake in Tesla in the second quarter worth about $25,000. Danda Trouve Investment Management Inc. lifted its stake in Tesla by 76.5% in the second quarter. Danda Trouve Investment Management Inc. now owns 30 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 13 shares during the last quarter. Asset Advisors Investment Management LLC bought a new stake in Tesla in the second quarter worth about $39,000. Beese Fulmer Investment Management Inc. bought a new stake in Tesla in the second quarter worth about $42,000. Finally, Jacobi Capital Management LLC lifted its stake in Tesla by 79.2% in the second quarter. Jacobi Capital Management LLC now owns 43 shares of the electric vehicle producer’s stock worth $46,000 after purchasing an additional 19 shares during the last quarter. 48.22% of the stock is owned by institutional investors and hedge funds.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, leases, 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