Tesla Inc. (TSLA) Upgraded at Vetr Inc.
Tesla Inc. (NASDAQ:TSLA) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm presently has a $367.97 price target on the electric vehicle producer’s stock. Vetr‘s price objective indicates a potential upside of 15.21% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Guggenheim boosted their price target on Tesla from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, April 3rd. Zacks Investment Research raised Tesla from a “hold” rating to a “buy” rating and set a $345.00 price target on the stock in a research note on Tuesday, April 25th. Dougherty & Co reissued a “buy” rating and issued a $375.00 price target (down from $500.00) on shares of Tesla in a research note on Wednesday, April 26th. Berenberg Bank raised Tesla from a “hold” rating to a “buy” rating and boosted their price target for the company from $193.00 to $464.00 in a research note on Tuesday, June 13th. Finally, Global Equities Research reissued a “buy” rating and issued a $385.00 price target on shares of Tesla in a research note on Tuesday, June 13th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Tesla presently has an average rating of “Hold” and an average price target of $294.15.
Shares of Tesla (TSLA) traded down 2.50% during trading on Monday, hitting $319.57. 9,876,912 shares of the stock were exchanged. Tesla has a 1-year low of $178.19 and a 1-year high of $386.99. The firm’s 50-day moving average is $346.84 and its 200 day moving average is $283.13. The company’s market cap is $52.49 billion.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by $1.30. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.56 billion. Equities analysts forecast that Tesla will post ($5.86) earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Tesla Inc. (TSLA) Upgraded at Vetr Inc.” was first published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/07/17/tesla-inc-tsla-upgraded-at-vetr-inc.html.
In related news, insider Jeffrey B. Straubel sold 109,100 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $307.81, for a total transaction of $33,582,071.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 2,500 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $315.67, for a total value of $789,175.00. Following the sale, the director now directly owns 168,355 shares in the company, valued at approximately $53,144,622.85. The disclosure for this sale can be found here. Insiders have sold a total of 242,290 shares of company stock worth $74,919,505 in the last three months. 23.10% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. V Wealth Management LLC bought a new stake in shares of Tesla during the second quarter worth about $150,000. B & T Capital Management DBA Alpha Capital Management bought a new stake in shares of Tesla during the second quarter worth about $344,000. CENTRAL TRUST Co boosted its stake in shares of Tesla by 13.1% in the second quarter. CENTRAL TRUST Co now owns 1,810 shares of the electric vehicle producer’s stock worth $654,000 after buying an additional 209 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of Tesla by 2.9% in the second quarter. Eqis Capital Management Inc. now owns 2,589 shares of the electric vehicle producer’s stock worth $936,000 after buying an additional 74 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Tesla by 514.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,225 shares of the electric vehicle producer’s stock worth $7,675,000 after buying an additional 17,769 shares during the period. 63.75% of the stock is currently owned by institutional investors and hedge funds.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related companies with MarketBeat.com's FREE daily email newsletter.