Tesla (TSLA) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Tesla (NASDAQ:TSLA) from a hold rating to a sell rating in a research report report published on Monday morning.

A number of other research analysts have also weighed in on the company. Jefferies Group raised Tesla from an underperform rating to a hold rating and set a $250.00 target price for the company in a report on Monday. BidaskClub lowered Tesla from a sell rating to a strong sell rating in a report on Friday, March 30th. Nomura reaffirmed a buy rating and set a $420.00 target price on shares of Tesla in a report on Thursday, March 29th. Sanford C. Bernstein reaffirmed a neutral rating and set a $265.00 target price on shares of Tesla in a report on Wednesday, March 28th. Finally, Standpoint Research raised Tesla from a sell rating to an underperform rating in a report on Monday, March 26th. Thirteen equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $313.57.

How to Become a New Pot Stock Millionaire

TSLA stock opened at $305.72 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. The stock has a market cap of $48,469.88, a price-to-earnings ratio of -26.63 and a beta of 1.19. Tesla has a twelve month low of $244.59 and a twelve month high of $389.61.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.69) EPS. sell-side analysts expect that Tesla will post -15.15 EPS for the current fiscal year.

In related news, VP John Douglas Field sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $321.41, for a total value of $321,410.00. Following the completion of the sale, the vice president now owns 20,561 shares in the company, valued at approximately $6,608,511.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric Branderiz sold 401 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $353.50, for a total value of $141,753.50. Following the completion of the sale, the vice president now owns 1,248 shares of the company’s stock, valued at approximately $441,168. The disclosure for this sale can be found here. Insiders sold a total of 4,654 shares of company stock valued at $1,559,211 in the last 90 days. 23.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in TSLA. Envestnet Asset Management Inc. lifted its position in Tesla by 20.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 895 shares of the electric vehicle producer’s stock valued at $279,000 after purchasing an additional 155 shares during the last quarter. First Republic Investment Management Inc. lifted its position in Tesla by 0.7% in the third quarter. First Republic Investment Management Inc. now owns 23,373 shares of the electric vehicle producer’s stock valued at $7,972,000 after purchasing an additional 161 shares during the last quarter. Parallel Advisors LLC lifted its position in Tesla by 12.7% in the third quarter. Parallel Advisors LLC now owns 1,438 shares of the electric vehicle producer’s stock valued at $454,000 after purchasing an additional 162 shares during the last quarter. Catawba Capital Management VA lifted its position in Tesla by 6.0% in the fourth quarter. Catawba Capital Management VA now owns 2,935 shares of the electric vehicle producer’s stock valued at $914,000 after purchasing an additional 165 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its position in Tesla by 4.9% in the fourth quarter. Essex Financial Services Inc. now owns 3,549 shares of the electric vehicle producer’s stock valued at $1,105,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 58.19% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was published by Ticker Report and is the property of of Ticker Report. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3335108/tesla-tsla-stock-rating-lowered-by-valuengine.html.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Meridian Bancorp  Receives Consensus Recommendation of “Buy” from Analysts
Meridian Bancorp Receives Consensus Recommendation of “Buy” from Analysts
Pioneer Energy Services  Stock Price Up 6.7%
Pioneer Energy Services Stock Price Up 6.7%
Baozun  Trading 5.9% Higher
Baozun Trading 5.9% Higher
Nucor  Posts  Earnings Results, Misses Estimates By $0.06 EPS
Nucor Posts Earnings Results, Misses Estimates By $0.06 EPS
Head to Head Survey: Goldcorp  and Its Competitors
Head to Head Survey: Goldcorp and Its Competitors
K2M Group Holdings  Receives Consensus Rating of “Buy” from Brokerages
K2M Group Holdings Receives Consensus Rating of “Buy” from Brokerages


Leave a Reply

© 2006-2018 Ticker Report. Google+.