Tesla (TSLA) Given a $265.00 Price Target by Sanford C. Bernstein Analysts

Sanford C. Bernstein set a $265.00 target price on Tesla (NASDAQ:TSLA) in a report issued on Monday, November 13th. The brokerage currently has a hold rating on the electric vehicle producer’s stock.

A number of other brokerages have also recently commented on TSLA. Robert W. Baird reissued an outperform rating and issued a $411.00 price target on shares of Tesla in a research report on Monday, September 18th. Jefferies Group initiated coverage on Tesla in a research report on Tuesday, September 19th. They issued an underperform rating and a $280.00 price objective on the stock. They noted that the move was a valuation call. Vetr raised Tesla from a strong sell rating to a sell rating and set a $341.74 price objective on the stock in a research report on Wednesday, September 20th. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $345.00 price objective (up from $314.00) on shares of Tesla in a research report on Wednesday, August 9th. Finally, Deutsche Bank reiterated a hold rating and set a $240.00 target price on shares of Tesla in a research note on Wednesday, August 9th. Ten equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $334.82.

Shares of Tesla (NASDAQ TSLA) traded down $2.32 during mid-day trading on Monday, reaching $306.53. The company’s stock had a trading volume of 4,285,954 shares, compared to its average volume of 6,028,200. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla has a 52-week low of $180.00 and a 52-week high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $0.71 EPS. Tesla’s revenue was up 29.9% compared to the same quarter last year. equities research analysts anticipate that Tesla will post -11.38 earnings per share for the current fiscal year.

In other Tesla news, VP John Douglas Field sold 600 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the sale, the vice president now owns 21,424 shares of the company’s stock, valued at $6,461,478.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Eric Branderiz sold 99 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total transaction of $34,661.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,287 shares of company stock valued at $3,345,225. 23.10% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Tesla during the third quarter worth approximately $447,000. Public Employees Retirement System of Ohio increased its holdings in Tesla by 2.1% during the third quarter. Public Employees Retirement System of Ohio now owns 90,062 shares of the electric vehicle producer’s stock valued at $30,720,000 after buying an additional 1,812 shares during the period. Energy Opportunities Capital Management LLC purchased a new position in Tesla during the third quarter valued at approximately $1,302,000. GSA Capital Partners LLP purchased a new position in Tesla during the third quarter valued at approximately $6,986,000. Finally, Garde Capital Inc. increased its holdings in Tesla by 9.6% during the third quarter. Garde Capital Inc. now owns 3,152 shares of the electric vehicle producer’s stock valued at $1,075,000 after buying an additional 275 shares during the period. 57.18% of the stock is currently owned by institutional investors and hedge funds.

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About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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