2 weeks Ago By Defense World Staff
Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at Benchmark in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $350.00 target price on the electric vehicle producer’s stock.
Benchmark’s price objective would suggest a potential upside of 34.87% from the stock’s current price.Several other brokerages have also recently commented on TSLA.
Morgan Stanley reiterated a “buy” rating on shares of Tesla in a report on Tuesday. Truist Financial lowered their price objective on shares of Tesla from $373.00 to $280.
00 and set a “hold” rating on the stock in a research report on Thursday, April 3rd. Raymond James lowered Tesla to an “outperform” rating in a report on Tuesday. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a report on Tuesday.
Finally, HSBC reduced their price objective on Tesla from $165.00 to $130.00 and set a “reduce” rating for the company in a research note on Thursday, March 27th.
Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $286.85.
Check Out Our Latest Report on TeslaTesla Trading Up 3.5 %Tesla stock opened at $259.51 on Wednesday.
Tesla has a 1 year low of $158.36 and a 1 year high of $488.54.
The firm’s 50 day moving average price is $265.36 and its two-hundred day moving average price is $322.18.
The firm has a market cap of $834.72 billion, a price-to-earnings ratio of 127.21, a price-to-earnings-growth ratio of 5.
86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.
08, a quick ratio of 1.61 and a current ratio of 2.02.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
53 by ($0.26). Tesla had a return on equity of 10.
31% and a net margin of 7.26%. The company had revenue of $19.
34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period last year, the firm earned $0.
45 earnings per share. On average, research analysts predict that Tesla will post 2.56 EPS for the current fiscal year.
Insider Buying and Selling at TeslaIn other news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.
00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $6,737,500. The trade was a 12.
92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M.
Denholm sold 112,390 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.
60. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $32,643,400. This represents a 56.
94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 374,228 shares of company stock worth $123,791,123 over the last ninety days.
Corporate insiders own 20.70% of the company’s stock. Institutional Inflows and OutflowsA number of institutional investors have recently made changes to their positions in the business.
Cherry Tree Wealth Management LLC lifted its position in shares of Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 44 shares in the last quarter.
First PREMIER Bank raised its position in Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter.
Newton One Investments LLC lifted its holdings in Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 75 shares in the last quarter.
True Wealth Design LLC boosted its position in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 31 shares during the last quarter.
Finally, Horrell Capital Management Inc. increased its stake in shares of Tesla by 75.6% in the 4th quarter.
Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 34 shares during the period. 66.
20% of the stock is owned by institutional investors. About Tesla (Get Free Report)Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.
The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.Featured ArticlesFive stocks we like better than TeslaWhat is a penny stock? A comprehensive guide2 Strong Utilities Plays With Booming Earnings and Room to GrowBest Aerospace Stocks Investing Why Smart Investors Don’t Panic in Election SeasonThe Significance of a Trillion-Dollar Market Cap Goes Beyond a NumberNow Is the Time to Buy ServiceNow—The Rebound Is Real.
