2 weeks Ago By Defense World Staff
Tesla (NASDAQ:TSLA – Get Free Report) had its price target reduced by equities researchers at Robert W. Baird from $370.00 to $320.
00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the electric vehicle producer’s stock. Robert W.
Baird’s target price suggests a potential upside of 23.31% from the stock’s previous close.Other equities research analysts also recently issued reports about the stock.
Evercore ISI lifted their price target on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd.
Wells Fargo & Company decreased their target price on Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Friday, March 14th.
Stifel Nicolaus dropped their price target on Tesla from $474.00 to $455.00 and set a “buy” rating on the stock in a research note on Monday, March 31st.
Barclays reduced their price objective on Tesla from $325.00 to $275.00 and set an “equal weight” rating for the company in a research note on Monday.
Finally, Guggenheim lowered their target price on Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th.
Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $286.85.
Check Out Our Latest Report on TeslaTesla Stock Up 3.5 %Shares of NASDAQ:TSLA opened at $259.51 on Wednesday.
The business’s 50-day moving average is $265.36 and its 200-day moving average is $322.18.
Tesla has a 1 year low of $158.36 and a 1 year high of $488.54.
The company has a market capitalization of $834.72 billion, a price-to-earnings ratio of 127.21, a P/E/G ratio of 5.
86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.
08, a current ratio of 2.02 and a quick ratio of 1.61.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly 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). The business had revenue of $19.
34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.
31% and a net margin of 7.26%. During the same quarter in the previous year, the company posted $0.
45 earnings per share. Equities research analysts predict that Tesla will post 2.56 earnings per share for the current year.
Insider Transactions at TeslaIn related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $32,643,400.
The trade was a 56.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Also, CFO Vaibhav Taneja sold 2,672 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.
56. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $7,242,273.50.
The trade was a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders sold 374,228 shares of company stock worth $123,791,123 over the last quarter. Corporate insiders own 20.70% of the company’s stock.
Institutional Investors Weigh In On TeslaSeveral hedge funds and other institutional investors have recently modified their holdings of TSLA. Hengehold Capital Management LLC increased its holdings in Tesla by 1.8% during the 4th quarter.
Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer’s stock worth $544,000 after acquiring an additional 24 shares during the period. Strategic Investment Advisors MI grew 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 valued at $2,823,000 after purchasing an additional 24 shares in the last quarter. Acropolis Investment Management LLC increased its holdings in shares of Tesla by 0.9% in the fourth quarter.
Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock worth $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD raised its position in shares of Tesla by 0.
3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer’s stock worth $2,950,000 after buying an additional 25 shares in the last quarter.
Finally, Vista Finance LLC boosted 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 valued at $1,417,000 after buying an additional 25 shares during the period.
66.20% of the stock is currently owned by institutional investors. 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 TeslaWhat Does a Stock Split Mean? 2 Strong Utilities Plays With Booming Earnings and Room to GrowNatural Gas Prices Continue To Rally, These Stocks Should BenefitWhy Smart Investors Don’t Panic in Election SeasonHow to Invest in the FAANG StocksNow Is the Time to Buy ServiceNow—The Rebound Is Real.
