2 weeks Ago By Defense World Staff
Tesla (NASDAQ:TSLA – Get Free Report) had its price objective reduced by stock analysts at Cantor Fitzgerald from $425.00 to $355.00 in a report issued on Wednesday,Benzinga reports.
The brokerage presently has an “overweight” rating on the electric vehicle producer’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 36.80% from the stock’s current price.
TSLA has been the topic of several other reports. Bank of America reduced their target price on Tesla from $490.00 to $380.
00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Glj Research restated a “sell” rating and set a $19.05 price objective (down previously from $24.
86) on shares of Tesla in a report on Monday. Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. HSBC cut their price target on shares of Tesla from $165.
00 to $130.00 and set a “reduce” rating on the stock in a research note on Thursday, March 27th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Tesla in a research note on Tuesday.
Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $286.85.
Check Out Our Latest Stock Report on TSLATesla Stock Up 3.5 %NASDAQ:TSLA opened at $259.51 on Wednesday.
The company’s 50-day simple moving average is $265.36 and its 200-day simple moving average is $322.18.
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 has a fifty-two week low of $158.36 and a fifty-two week high of $488.
54. The stock has a market capitalization of $834.72 billion, a P/E ratio of 127.
21, a P/E/G ratio of 5.86 and a beta of 2.58.
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 for the quarter, missing the consensus estimate of $0.
53 by ($0.26). Tesla had a net margin of 7.
26% and a return on equity of 10.31%. The firm had revenue of $19.
34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the business earned $0.
45 earnings per share. On average, equities analysts anticipate that Tesla will post 2.56 earnings per share for the current fiscal year.
Insider Transactions at TeslaIn other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.
04, for a total transaction of $43,162,255.60. Following the sale, the director now owns 85,000 shares in the company, valued at $32,643,400.
This represents a 56.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.
00. Following the completion of the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40.
The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here.
Over the last 90 days, insiders have sold 374,228 shares of company stock valued at $123,791,123. 20.70% of the stock is currently owned by company insiders.
Institutional Inflows and OutflowsSeveral institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Hengehold Capital Management LLC increased its holdings in Tesla by 1.8% in the fourth quarter.
Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer’s stock valued at $544,000 after buying an additional 24 shares during the last quarter. Strategic Investment Advisors MI boosted its position in shares of Tesla by 0.3% during the 4th quarter.
Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer’s stock worth $2,823,000 after acquiring an additional 24 shares in the last quarter. Acropolis Investment Management LLC increased its holdings in shares of Tesla by 0.9% in the 4th quarter.
Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock valued at $1,136,000 after acquiring an additional 25 shares during the last quarter. Mount Vernon Associates Inc. MD raised its position in shares of Tesla by 0.
3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer’s stock worth $2,950,000 after acquiring an additional 25 shares in the last quarter.
Finally, Vista Finance LLC lifted its stake in Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock worth $1,417,000 after purchasing an additional 25 shares during the last quarter.
Institutional investors and hedge funds own 66.20% of the company’s stock. Tesla Company Profile (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 TeslaThe 3 Best Blue-Chip Stocks to Buy Now2 Strong Utilities Plays With Booming Earnings and Room to GrowRussell 2000 Index, How Investors Use it For Profitable TradingWhy 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.
