Tesla (NASDAQ:TSLA)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a research note issued to investors on Tuesday, February 5th, MarketBeat.com reports. They presently have a $283.00 target price on the electric vehicle producer’s stock, down from their previous target price of $291.00. Morgan Stanley’s target price indicates a potential downside of 4.00% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group reissued a “sell” rating and set a $225.00 price target on shares of Tesla in a research report on Tuesday, January 22nd. UBS Group dropped their price target on shares of Tesla from $230.00 to $220.00 and set a “sell” rating on the stock in a research report on Tuesday, January 29th. Nomura restated a “neutral” rating and set a $300.00 price target on shares of Tesla in a research report on Thursday, October 25th. JMP Securities restated a “buy” rating and set a $412.00 price target on shares of Tesla in a research report on Thursday, October 25th. Finally, Oppenheimer restated a “buy” rating and set a $418.00 price target on shares of Tesla in a research report on Thursday, October 25th. Fifteen research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $328.46.
Tesla stock traded down $25.09 during mid-day trading on Tuesday, reaching $294.79. 22,844,991 shares of the company were exchanged, compared to its average volume of 6,399,588. Tesla has a 12 month low of $244.59 and a 12 month 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 firm has a market cap of $50.90 billion, a PE ratio of -51.54, a price-to-earnings-growth ratio of 4.45 and a beta of 0.56.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.93. Tesla had a negative return on equity of 18.50% and a negative net margin of 4.55%. The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same period in the previous year, the business earned ($3.04) EPS. The business’s quarterly revenue was up 119.8% compared to the same quarter last year. Sell-side analysts expect that Tesla will post 1.79 earnings per share for the current fiscal year.
In related news, Director Antonio J. Gracias sold 16,780 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $348.22, for a total value of $5,843,131.60. Following the transaction, the director now owns 17,018 shares in the company, valued at $5,926,007.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linda Johnson Rice sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $321.60, for a total value of $546,720.00. Following the completion of the transaction, the director now owns 1,700 shares in the company, valued at approximately $546,720. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,350 shares of company stock valued at $29,879,096. Insiders own 22.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TSLA. Alpha Windward LLC purchased a new stake in Tesla in the 4th quarter worth about $26,000. Sontag Advisory LLC purchased a new position in Tesla during the fourth quarter valued at approximately $26,000. Gradient Investments LLC boosted its stake in Tesla by 1,660.0% in the fourth quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock valued at $29,000 after acquiring an additional 83 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in Tesla during the fourth quarter valued at $30,000. Finally, Financial Gravity Companies Inc. acquired a new position in Tesla during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 57.56% of the company’s stock.
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.
Recommended Story: Limitations of the P/E Growth ratio
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.