Tesla Motors Now Covered by Analysts at Northland Capital (TSLA)
Analysts at Northland Capital initiated coverage on shares of Tesla Motors (NASDAQ: TSLA) in a research report issued to clients and investors on Friday. The firm set an “outperform” rating and a $42.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Tesla Motors from a “sell” rating to a “hold” rating in a research note to investors on Friday, February 22nd. Separately, analysts at Deutsche Bank raised their price target on shares of Tesla Motors from $28.00 to $35.00 in a research note to investors on Thursday, February 21st. They now have a “hold” rating on the stock. Finally, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Tesla Motors in a research note to investors on Thursday, February 21st. They now have a $45.00 price target on the stock.
Seven investment analysts have rated the stock with a buy rating, one has issued an overweight rating, four have assigned a hold rating, and two have given an underweight rating to the stock. The stock currently has an average rating of “overweight” and an average target price of $40.79.
Shares of Tesla Motors opened at 34.83 on Friday. Tesla Motors has a 52 week low of $25.52 and a 52 week high of $40.00. The stock’s 50-day moving average is currently $36.55. The company’s market cap is $3.962 billion.
Tesla Motors last posted its quarterly earnings results on Wednesday, February 20th. The company reported ($0.65) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.52) by $0.13. The company had revenue of $306.30 million for the quarter, compared to the consensus estimate of $298.90 million. During the same quarter last year, the company posted ($0.69) earnings per share. Tesla Motors’s revenue was up 677.4% compared to the same quarter last year. On average, analysts predict that Tesla Motors will post $0.03 earnings per share for the current fiscal year.
Tesla Motors, Inc. is an electric vehicles and components manufacturer. The Company manufactures electric vehicles and electric vehicle powertrain components.
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