Tesla Motors Inc. (NASDAQ:TSLA) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $213.40 target price on the electric vehicle producer’s stock. Vetr‘s target price indicates a potential upside of 0.94% from the company’s current price.
Several other analysts also recently commented on TSLA. Zacks Investment Research downgraded Tesla Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Piper Jaffray Cos. initiated coverage on shares of Tesla Motors in a research report on Thursday, June 9th. They issued a “neutral” rating and a $223.00 price target on the stock. Pacific Crest reaffirmed a “hold” rating and issued a $212.00 price target on shares of Tesla Motors in a research report on Monday, June 13th. Global Equities Research reaffirmed a “buy” rating and issued a $385.00 price target on shares of Tesla Motors in a research report on Monday, June 13th. Finally, Oppenheimer Holdings Inc. cut shares of Tesla Motors from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $264.75 to $195.00 in a research report on Wednesday, June 22nd. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Tesla Motors currently has a consensus rating of “Hold” and an average target price of $248.49.
Tesla Motors (NASDAQ:TSLA) opened at 211.41 on Monday. Tesla Motors has a 52-week low of $141.05 and a 52-week high of $269.34. The stock has a 50 day moving average price of $209.08 and a 200 day moving average price of $222.26. The firm’s market cap is $31.43 billion.
Tesla Motors (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. The firm earned $1.56 billion during the quarter, compared to analyst estimates of $1.67 billion. Tesla Motors had a negative net margin of 24.64% and a negative return on equity of 46.30%. The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.48) earnings per share. Equities analysts predict that Tesla Motors will post ($0.93) earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in TSLA. Motley Fool Wealth Management LLC boosted its position in shares of Tesla Motors by 1.9% in the first quarter. Motley Fool Wealth Management LLC now owns 45,644 shares of the electric vehicle producer’s stock valued at $10,488,000 after buying an additional 873 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Tesla Motors during the first quarter valued at about $184,000. Ancora Inverness LLC boosted its position in shares of Tesla Motors by 21.1% in the first quarter. Ancora Inverness LLC now owns 1,175 shares of the electric vehicle producer’s stock valued at $270,000 after buying an additional 205 shares in the last quarter. Cannell Peter B & Co Inc boosted its position in shares of Tesla Motors by 3.0% in the first quarter. Cannell Peter B & Co Inc now owns 1,710 shares of the electric vehicle producer’s stock valued at $393,000 after buying an additional 50 shares in the last quarter. Finally, Shufro Rose & Co. LLC bought a new position in shares of Tesla Motors during the first quarter valued at about $345,000. Institutional investors own 66.62% of the company’s stock.
Tesla Motors Company Profile
Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Tesla Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.