J P Morgan Chase & Co reaffirmed their underweight rating on shares of Tesla Inc. (NASDAQ:TSLA) in a research report report published on Thursday, November 2nd, The Fly reports. J P Morgan Chase & Co currently has a $185.00 target price on the electric vehicle producer’s stock.
Several other research analysts also recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of Tesla from $345.00 to $340.00 and set a sector perform rating on the stock in a research note on Thursday, November 2nd. Nomura reissued a buy rating and set a $500.00 price target on shares of Tesla in a research note on Tuesday, October 31st. Evercore ISI decreased their price target on shares of Tesla from $330.00 to $312.00 and set an outperform rating on the stock in a research note on Sunday, October 29th. Jefferies Group LLC cut shares of Tesla from an in-line rating to an underperform rating and cut their target price for the stock from $312.00 to $240.00 in a report on Friday, October 27th. Finally, Robert W. Baird reiterated a buy rating and issued a $411.00 price target on shares of Tesla in a report on Wednesday, October 25th. Ten research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Tesla currently has an average rating of Hold and a consensus target price of $330.44.
Tesla (NASDAQ TSLA) opened at $302.82 on Thursday. 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 1 year low of $180.00 and a 1 year high of $389.61.
Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. Tesla’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. sell-side analysts expect that Tesla will post -11.38 earnings per share for the current fiscal year.
In other Tesla news, Director Stephen T. Jurvetson sold 44,777 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the sale, the director now directly owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $355.20, for a total value of $777,888.00. Following the completion of the sale, the director now directly owns 158,584 shares in the company, valued at $56,329,036.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,518 shares of company stock valued at $18,819,611. 23.10% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of TSLA. Dimensional Fund Advisors LP boosted its stake in shares of Tesla by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 98,790 shares of the electric vehicle producer’s stock worth $27,492,000 after acquiring an additional 1,894 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Tesla by 5.0% during the first quarter. Nuveen Asset Management LLC now owns 19,732 shares of the electric vehicle producer’s stock worth $5,491,000 after buying an additional 932 shares during the last quarter. DnB Asset Management AS boosted its stake in Tesla by 1.6% during the second quarter. DnB Asset Management AS now owns 13,621 shares of the electric vehicle producer’s stock worth $4,927,000 after buying an additional 210 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Tesla by 4.4% during the second quarter. Handelsbanken Fonder AB now owns 12,343 shares of the electric vehicle producer’s stock worth $4,463,000 after buying an additional 521 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in Tesla by 4.0% in the second quarter. Xact Kapitalforvaltning AB now owns 18,750 shares of the electric vehicle producer’s stock valued at $6,780,000 after purchasing an additional 728 shares during the period. 56.36% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related companies with our FREE daily email newsletter.