Tesla (TSLA) Downgraded by Vetr to Hold

Vetr lowered shares of Tesla (NASDAQ:TSLA) from a buy rating to a hold rating in a research report released on Wednesday morning. The firm currently has $331.71 target price on the electric vehicle producer’s stock.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein set a $265.00 price objective on shares of Tesla and gave the stock a neutral rating in a report on Wednesday, September 20th. Jefferies Group initiated coverage on shares of Tesla in a report on Tuesday, September 19th. They set an underperform rating and a $280.00 target price on the stock. They noted that the move was a valuation call. Instinet initiated coverage on shares of Tesla in a report on Wednesday, October 4th. They set a buy rating and a $500.00 target price on the stock. Nomura initiated coverage on shares of Tesla in a report on Wednesday, October 4th. They set a buy rating and a $500.00 target price on the stock. Finally, Morgan Stanley reiterated a hold rating and set a $317.00 target price on shares of Tesla in a report on Tuesday, September 26th. Twelve investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $329.47.

Shares of Tesla (TSLA) traded down $2.63 during mid-day trading on Wednesday, hitting $314.62. 9,915,932 shares of the stock traded hands, compared to its average volume of 5,500,000. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla has a 52-week low of $214.31 and a 52-week high of $389.61. The firm has a market cap of $52,880.00, a price-to-earnings ratio of -36.75 and a beta of 0.94.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. analysts forecast that Tesla will post -11.38 EPS for the current fiscal year.

In other Tesla news, VP John Douglas Field sold 600 shares of the stock in a transaction that occurred 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 directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 4,065 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the completion of the sale, the director now directly owns 154,589 shares in the company, valued at $48,244,135.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,692 shares of company stock worth $4,692,003. Insiders own 23.10% of the company’s stock.

Large investors have recently made changes to their positions in the business. Harfst & Associates Inc. grew its position in shares of Tesla by 4.9% in the 2nd quarter. Harfst & Associates Inc. now owns 984 shares of the electric vehicle producer’s stock valued at $355,000 after buying an additional 46 shares during the last quarter. Rikoon Group LLC grew its position in shares of Tesla by 7.8% in the 2nd quarter. Rikoon Group LLC now owns 691 shares of the electric vehicle producer’s stock valued at $249,000 after buying an additional 50 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of Tesla by 20.0% in the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after buying an additional 50 shares during the last quarter. Linscomb & Williams Inc. grew its position in shares of Tesla by 1.4% in the 2nd quarter. Linscomb & Williams Inc. now owns 6,630 shares of the electric vehicle producer’s stock valued at $2,397,000 after buying an additional 90 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Tesla by 21.6% in the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock valued at $193,000 after buying an additional 95 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors.

WARNING: This piece was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3126171/tesla-tsla-downgraded-by-vetr-to-hold.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.