Tesla (NASDAQ:TSLA) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.
A number of other brokerages also recently issued reports on TSLA. Jefferies Financial Group restated a “buy” rating on shares of Tesla in a research report on Monday, August 31st. Credit Suisse Group restated a “neutral” rating on shares of Tesla in a report on Tuesday, August 18th. Goldman Sachs Group set a $295.00 price target on shares of Tesla and gave the company a “neutral” rating in a report on Tuesday, September 1st. Needham & Company LLC reissued a “sell” rating on shares of Tesla in a research note on Thursday, July 23rd. Finally, Barclays set a $60.00 target price on Tesla and gave the company a “sell” rating in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a sell rating, twenty have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $182.73.
Shares of NASDAQ TSLA opened at $441.76 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98. Tesla has a 12-month low of $43.67 and a 12-month high of $502.49. The firm’s 50-day moving average price is $366.55 and its 200-day moving average price is $220.25. The stock has a market capitalization of $409.45 billion, a price-to-earnings ratio of 1,150.42, a P/E/G ratio of 15.47 and a beta of 1.63.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.91. The business had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $4.96 billion. Tesla had a return on equity of 4.19% and a net margin of 1.43%. During the same period in the prior year, the business posted ($0.22) earnings per share. On average, equities analysts predict that Tesla will post 0.69 EPS for the current fiscal year.
In other Tesla news, SVP Andrew D. Baglino sold 1,500 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $387.44, for a total value of $581,160.00. Following the completion of the transaction, the senior vice president now owns 21,837 shares in the company, valued at $8,460,527.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jerome M. Guillen sold 3,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,083.50, for a total transaction of $3,250,500.00. Following the sale, the insider now directly owns 12,752 shares in the company, valued at $13,816,792. The disclosure for this sale can be found here. Insiders sold 67,154 shares of company stock valued at $68,808,155 over the last three months. 23.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its holdings in Tesla by 5.8% in the second quarter. North Star Investment Management Corp. now owns 147 shares of the electric vehicle producer’s stock valued at $159,000 after purchasing an additional 8 shares during the period. American Research & Management Co. lifted its position in shares of Tesla by 5.8% during the 2nd quarter. American Research & Management Co. now owns 145 shares of the electric vehicle producer’s stock valued at $157,000 after buying an additional 8 shares in the last quarter. Main Street Research LLC grew its stake in Tesla by 1.5% in the 2nd quarter. Main Street Research LLC now owns 537 shares of the electric vehicle producer’s stock valued at $580,000 after acquiring an additional 8 shares during the period. Front Row Advisors LLC increased its holdings in Tesla by 0.5% in the 2nd quarter. Front Row Advisors LLC now owns 1,509 shares of the electric vehicle producer’s stock worth $1,629,000 after acquiring an additional 8 shares in the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV increased its holdings in Tesla by 2.2% in the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 412 shares of the electric vehicle producer’s stock worth $445,000 after acquiring an additional 9 shares in the last quarter. 48.22% of the stock is owned by institutional investors.
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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