Tesla Motors Inc. (TSLA) Receives Consensus Rating of “Hold” from Analysts
Shares of Tesla Motors Inc. (NASDAQ:TSLA) have been given an average rating of “Hold” by the twenty-nine analysts that are currently covering the firm. Seven investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $259.14.
A number of equities analysts have recently issued reports on TSLA shares. RBC Capital Markets set a $210.00 target price on Tesla Motors and gave the stock a “hold” rating in a research note on Thursday, July 21st. Morgan Stanley reissued an “equal weight” rating and set a $245.00 target price on shares of Tesla Motors in a research note on Thursday, July 14th. Barclays PLC set a $165.00 target price on Tesla Motors and gave the stock a “sell” rating in a research note on Tuesday, July 19th. Vetr downgraded Tesla Motors from a “buy” rating to a “hold” rating and set a $216.16 target price for the company. in a research note on Monday, September 26th. Finally, Zacks Investment Research downgraded Tesla Motors from a “hold” rating to a “sell” rating in a research note on Wednesday.
A number of institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of Tesla Motors by 4.1% in the first quarter. Legal & General Group Plc now owns 350,424 shares of the electric vehicle producer’s stock worth $80,517,000 after buying an additional 13,687 shares during the last quarter. Goodwin Daniel L bought a new position in shares of Tesla Motors during the second quarter worth approximately $318,000. LMR Partners LLP bought a new position in shares of Tesla Motors during the second quarter worth approximately $2,182,000. Gabelli Funds LLC increased its position in shares of Tesla Motors by 3.9% in the second quarter. Gabelli Funds LLC now owns 15,900 shares of the electric vehicle producer’s stock worth $3,375,000 after buying an additional 600 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Tesla Motors by 45.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,400 shares of the electric vehicle producer’s stock worth $1,146,000 after buying an additional 1,700 shares during the last quarter. Institutional investors own 66.62% of the company’s stock.
Tesla Motors (NASDAQ:TSLA) opened at 196.51 on Tuesday. Tesla Motors has a 12 month low of $141.05 and a 12 month high of $269.34. The company’s 50-day moving average price is $203.90 and its 200-day moving average price is $220.74. The stock’s market cap is $29.22 billion.
Tesla Motors (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.55. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period last year, the company posted ($0.48) earnings per share. Equities analysts forecast that Tesla Motors will post ($0.93) earnings per share for the current year.
About Tesla Motors
Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.
Receive News & Ratings for Tesla Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.