Equities research analysts at Tudor Pickering assumed coverage on shares of Fisker (NYSE:FSR) in a research report issued on Thursday, Briefing.com reports. The brokerage set a “buy” rating and a $19.00 price target on the stock. Tudor Pickering’s target price points to a potential upside of 39.09% from the company’s current price.
Several other equities analysts also recently commented on FSR. Barclays dropped their price objective on shares of Fisker from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, August 9th. Morgan Stanley began coverage on Fisker in a research report on Monday, August 9th. They issued an “overweight” rating and a $40.00 price target on the stock. Royal Bank of Canada lowered their price objective on Fisker from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, August 6th. Bank of America lowered shares of Fisker from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $27.00 to $18.00 in a report on Thursday, September 16th. Finally, Zacks Investment Research lowered shares of Fisker from a “hold” rating to a “sell” rating in a research note on Tuesday, August 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.50.
Shares of NYSE FSR opened at $13.66 on Thursday. The stock’s fifty day moving average price is $14.67 and its two-hundred day moving average price is $15.55. Fisker has a one year low of $8.70 and a one year high of $31.96. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of -34.15 and a beta of 0.94.
Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Fisker by 20.5% in the 2nd quarter. Vanguard Group Inc. now owns 13,509,862 shares of the company’s stock worth $260,471,000 after acquiring an additional 2,294,437 shares in the last quarter. BlackRock Inc. boosted its holdings in Fisker by 288.7% during the second quarter. BlackRock Inc. now owns 10,167,089 shares of the company’s stock worth $196,020,000 after purchasing an additional 7,551,583 shares during the last quarter. Alliancebernstein L.P. grew its position in Fisker by 50.3% in the 2nd quarter. Alliancebernstein L.P. now owns 4,408,703 shares of the company’s stock worth $85,000,000 after purchasing an additional 1,475,310 shares in the last quarter. State Street Corp increased its stake in Fisker by 3,548.5% in the 2nd quarter. State Street Corp now owns 3,188,746 shares of the company’s stock valued at $61,479,000 after buying an additional 3,101,346 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Fisker by 22.9% during the 2nd quarter. Morgan Stanley now owns 3,152,055 shares of the company’s stock worth $60,772,000 after purchasing an additional 586,334 shares during the period. Institutional investors and hedge funds own 23.20% of the company’s stock.
Fisker Company Profile
Fisker, Inc engages in the provision of e-mobility solutions. It develops and manufactures eco-friendly electrically powered vehicles. Its products include solar t-shirt, sustainable solar bottle, solar hoodie, and fisker hat. The company was founded by Henrik Fisker and Geeta Gupta-Fisker in 2016 is headquartered in Manhattan Beach, CA.
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