Tesla (TSLA) Rating Reiterated by Nomura

Tesla (NASDAQ:TSLA)‘s stock had its “buy” rating restated by equities research analysts at Nomura in a note issued to investors on Thursday, January 4th. They currently have a $500.00 price target on the electric vehicle producer’s stock. Nomura’s price objective would suggest a potential upside of 48.71% from the company’s previous close.

Several other research firms have also weighed in on TSLA. Morgan Stanley reaffirmed a “hold” rating and issued a $317.00 price objective on shares of Tesla in a research note on Thursday, September 7th. Barclays restated an “underweight” rating and set a $210.00 price objective (up from $165.00) on shares of Tesla in a research report on Wednesday, September 13th. Sanford C. Bernstein restated a “hold” rating and set a $265.00 price objective on shares of Tesla in a research report on Thursday, September 14th. Robert W. Baird restated an “outperform” rating and set a $411.00 price objective on shares of Tesla in a research report on Monday, September 18th. Finally, Jefferies Group initiated coverage on Tesla in a research report on Tuesday, September 19th. They set an “underperform” rating and a $280.00 price objective for the company. They noted that the move was a valuation call. Eleven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Tesla presently has a consensus rating of “Hold” and an average price target of $329.48.

Tesla (NASDAQ:TSLA) traded down $1.73 on Thursday, reaching $336.22. Tesla has a twelve month low of $229.59 and a twelve month high of $389.61. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. The company has a market cap of $56,510.00, a price-to-earnings ratio of -39.28 and a beta of 0.94.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share 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 business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. research analysts expect that Tesla will post -11.38 earnings per share for the current fiscal year.

In related news, Director Kimbal Musk sold 4,065 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares in the company, valued at approximately $48,244,135.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John Douglas Field sold 600 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the sale, the vice president now owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,692 shares of company stock worth $5,026,873. 23.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC purchased a new position in Tesla during the third quarter worth about $100,000. Mckinley Capital Management LLC Delaware purchased a new stake in Tesla during the 3rd quarter valued at about $106,000. Pittenger & Anderson Inc. boosted its holdings in Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after acquiring an additional 50 shares during the period. First Personal Financial Services purchased a new stake in Tesla during the 3rd quarter valued at about $148,000. Finally, WFG Advisors LP boosted its holdings in Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock valued at $165,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 57.13% of the company’s stock.

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Tesla Company Profile

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)

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