Tesla Inc (NASDAQ:TSLA) Receives $258.59 Average PT from Analysts

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Shares of Tesla Inc (NASDAQ:TSLA) have earned an average recommendation of “Hold” from the forty-two analysts that are covering the company, MarketBeat Ratings reports. Eighteen analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $258.59.

Several research firms have recently issued reports on TSLA. Nord/LB set a $195.00 price target on Tesla and gave the stock a “sell” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. set a $200.00 target price on Tesla and gave the stock a “sell” rating in a report on Thursday, October 3rd. Berenberg Bank reiterated a “buy” rating on shares of Tesla in a report on Friday, June 14th. Cfra lowered Tesla to a “sell” rating and set a $135.00 price target on the stock. in a report on Friday, July 26th. Finally, Needham & Company LLC restated an “underperform” rating on shares of Tesla in a report on Thursday, October 3rd.

Shares of TSLA opened at $247.89 on Monday. The stock has a fifty day moving average price of $233.20 and a 200 day moving average price of $235.28. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.71 and a current ratio of 1.06. Tesla has a 12 month low of $176.99 and a 12 month high of $379.49.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 24th. The electric vehicle producer reported ($2.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.55) by ($0.76). Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the company earned ($3.06) earnings per share. Tesla’s quarterly revenue was up 58.7% compared to the same quarter last year. On average, equities analysts forecast that Tesla will post -7.51 EPS for the current fiscal year.

In other Tesla news, Director Robyn M. Denholm purchased 1,000 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average price of $232.72 per share, with a total value of $232,720.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $232,720. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zachary Kirkhorn sold 150 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $242.47, for a total value of $36,370.50. Following the transaction, the chief financial officer now directly owns 10,001 shares in the company, valued at approximately $2,424,942.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,450 shares of company stock worth $3,565,073. 24.40% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Clarus Wealth Advisors boosted its stake in shares of Tesla by 83.3% in the second quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock valued at $25,000 after buying an additional 50 shares during the period. Trustcore Financial Services LLC boosted its stake in shares of Tesla by 121.8% in the second quarter. Trustcore Financial Services LLC now owns 122 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 67 shares during the period. Private Capital Group LLC boosted its stake in shares of Tesla by 110.3% in the second quarter. Private Capital Group LLC now owns 122 shares of the electric vehicle producer’s stock valued at $42,000 after buying an additional 64 shares during the period. AllSquare Wealth Management LLC bought a new stake in shares of Tesla in the second quarter valued at approximately $28,000. Finally, Bedel Financial Consulting Inc. boosted its stake in shares of Tesla by 197.7% in the second quarter. Bedel Financial Consulting Inc. now owns 128 shares of the electric vehicle producer’s stock valued at $29,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 54.42% of the company’s stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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