Tesla Inc. (TSLA) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird reiterated their outperform rating on shares of Tesla Inc. (NASDAQ:TSLA) in a research report sent to investors on Monday morning. Robert W. Baird currently has a $411.00 target price on the electric vehicle producer’s stock.

Several other research firms have also recently weighed in on TSLA. Vetr cut Tesla from a strong-buy rating to a buy rating and set a $385.74 price target for the company. in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) restated a sell rating and issued a $180.00 price target (down previously from $190.00) on shares of Tesla in a research note on Wednesday, July 5th. Royal Bank Of Canada boosted their price target on Tesla from $314.00 to $345.00 and gave the stock a sector perform rating in a research note on Thursday, August 3rd. Guggenheim restated a buy rating and issued a $430.00 price target on shares of Tesla in a research note on Thursday, August 10th. Finally, Sanford C. Bernstein set a $265.00 price target on Tesla and gave the stock a neutral rating in a research note on Thursday, July 27th. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $314.30.

Shares of Tesla (NASDAQ TSLA) opened at 366.48 on Monday. The stock’s 50 day moving average price is $354.97 and its 200 day moving average price is $325.99. Tesla has a 12 month low of $178.19 and a 12 month high of $389.61. The stock’s market capitalization is $61.16 billion.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business earned ($1.06) earnings per share. The company’s revenue was up 119.6% on a year-over-year basis. Analysts expect that Tesla will post ($6.35) EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece of content was published by BBNS and is owned by of BBNS. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/tesla-inc-tsla-stock-rating-reaffirmed-by-robert-w-baird/1656695.html.

In other Tesla news, VP Eric Branderiz sold 99 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total transaction of $34,661.88. 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 company’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 sale, the director now 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 90 days, insiders have sold 53,946 shares of company stock worth $18,481,047. Company insiders own 23.10% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Pittenger & Anderson Inc. raised its position in Tesla by 20.0% during the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after purchasing an additional 50 shares during the period. Winfield Associates Inc. raised its position in Tesla by 85.2% during the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after purchasing an additional 150 shares during the period. Acropolis Investment Management LLC purchased a new stake in Tesla during the second quarter valued at approximately $122,000. North Star Investment Management Corp. raised its position in Tesla by 2.8% during the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after purchasing an additional 9 shares during the period. Finally, Carroll Financial Associates Inc. raised its position in Tesla by 8.7% during the second quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 56.63% of the company’s stock.

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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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.

 


Latest News

Bryce Harper Hoping to Return Monday from Knee Injury
Bryce Harper Hoping to Return Monday from Knee Injury
American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?


Leave a Reply

 
© 2006-2017 BBNS.