DZ Bank Reiterates Sell Rating for Tesla (NASDAQ:TSLA)

DZ Bank restated their sell rating on shares of Tesla (NASDAQ:TSLA) in a research report sent to investors on Monday, February 4th.

A number of other research analysts also recently weighed in on the company. BidaskClub upgraded Tesla from a hold rating to a buy rating in a report on Saturday, February 2nd. CIBC reiterated an outperform rating and set a $437.00 price target (up previously from $418.00) on shares of Tesla in a report on Thursday, January 31st. Canaccord Genuity restated a hold rating and issued a $330.00 target price (up previously from $323.00) on shares of Tesla in a research note on Thursday, January 31st. JPMorgan Chase & Co. restated an underweight rating and issued a $230.00 target price (up previously from $220.00) on shares of Tesla in a research note on Thursday, January 31st. Finally, JMP Securities restated an outperform rating and issued a $406.00 target price (down previously from $408.00) on shares of Tesla in a research note on Thursday, January 31st. Fourteen research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the stock. Tesla presently has a consensus rating of Hold and a consensus price target of $328.46.

Tesla stock traded down $25.09 during mid-day trading on Monday, hitting $294.79. 22,844,991 shares of the company’s stock traded hands, compared to its average volume of 6,399,588. Tesla has a one year low of $244.59 and a one year high of $387.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.83 and a quick ratio of 0.47. The company has a market capitalization of $50.90 billion, a P/E ratio of -51.54, a PEG ratio of 4.45 and a beta of 0.56.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.93. The company had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.09 billion. Tesla had a negative return on equity of 18.50% and a negative net margin of 4.55%. The company’s quarterly revenue was up 119.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.04) EPS. On average, research analysts expect that Tesla will post 1.79 earnings per share for the current fiscal year.

In related news, insider Jerome M. Guillen sold 1,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $360.28, for a total transaction of $360,280.00. Following the sale, the insider now owns 8,598 shares of the company’s stock, valued at approximately $3,097,687.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Antonio J. Gracias sold 8,390 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $317.58, for a total value of $2,664,496.20. Following the sale, the director now directly owns 24,332 shares in the company, valued at approximately $7,727,356.56. The disclosure for this sale can be found here. Insiders sold a total of 93,350 shares of company stock worth $29,879,096 over the last quarter. Corporate insiders own 22.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Polaris Greystone Financial Group LLC increased its holdings in Tesla by 3.1% during the 4th quarter. Polaris Greystone Financial Group LLC now owns 1,013 shares of the electric vehicle producer’s stock worth $337,000 after purchasing an additional 30 shares in the last quarter. Hanson McClain Inc. grew its holdings in shares of Tesla by 3.9% in the 4th quarter. Hanson McClain Inc. now owns 994 shares of the electric vehicle producer’s stock valued at $331,000 after acquiring an additional 37 shares in the last quarter. Regentatlantic Capital LLC grew its holdings in shares of Tesla by 5.4% in the 4th quarter. Regentatlantic Capital LLC now owns 879 shares of the electric vehicle producer’s stock valued at $293,000 after acquiring an additional 45 shares in the last quarter. Sage Capital Advisors llc grew its holdings in shares of Tesla by 57.7% in the 4th quarter. Sage Capital Advisors llc now owns 123 shares of the electric vehicle producer’s stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. Finally, Garde Capital Inc. grew its holdings in shares of Tesla by 2.3% in the 3rd quarter. Garde Capital Inc. now owns 2,104 shares of the electric vehicle producer’s stock valued at $733,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 57.56% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, 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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