Tesla Inc (TSLA) Receives Consensus Rating of “Hold” from Brokerages

Tesla Inc (NASDAQ:TSLA) has been given an average recommendation of “Hold” by the thirty-six ratings firms that are currently covering the firm, Marketbeat reports. Thirteen analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $333.37.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. UBS Group set a $195.00 target price on shares of Tesla and gave the stock a “sell” rating in a report on Friday, February 9th. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the stock a “hold” rating in a report on Monday, November 13th. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $282.88 target price on the stock in a report on Thursday, November 2nd. Finally, Royal Bank of Canada cut their target price on shares of Tesla from $345.00 to $340.00 and set a “sector perform” rating on the stock in a report on Thursday, November 2nd.

Shares of Tesla (NASDAQ:TSLA) traded up $1.42 during midday trading on Wednesday, reaching $335.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla has a 1 year low of $242.01 and a 1 year high of $389.61. The firm has a market cap of $56,380.00, a price-to-earnings ratio of -28.46 and a beta of 0.97.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($3.12) by $0.08. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted ($0.69) earnings per share. Tesla’s revenue was up 43.9% on a year-over-year basis. analysts predict that Tesla will post -15.15 EPS for the current year.

In other Tesla news, VP Eric Branderiz sold 801 shares of Tesla stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total transaction of $284,018.58. Following the transaction, the vice president now directly owns 1,287 shares in the company, valued at approximately $456,344.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John Douglas Field sold 1,400 shares of Tesla stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $340.67, for a total transaction of $476,938.00. Following the transaction, the vice president now owns 21,528 shares in the company, valued at $7,333,943.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,231 shares of company stock worth $3,292,431. 23.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at $100,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Tesla during the 3rd quarter valued at $106,000. Truewealth LLC acquired a new stake in shares of Tesla during the 4th quarter valued at $102,000. First Personal Financial Services acquired a new stake in shares of Tesla during the 3rd quarter valued at $148,000. Finally, WFG Advisors LP boosted its stake in shares of 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 buying an additional 236 shares during the period. Hedge funds and other institutional investors own 54.86% 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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