Tesla (TSLA) Rating Reiterated by KeyCorp

Tesla (NASDAQ:TSLA)‘s stock had its “hold” rating reaffirmed by analysts at KeyCorp in a report issued on Wednesday.

Several other brokerages have also recently issued reports on TSLA. Zacks Investment Research raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. UBS lifted their price objective on shares of Tesla to $365.00 and gave the stock a “hold” rating in a research note on Thursday, February 8th. Vetr cut shares of Tesla from a “buy” rating to a “hold” rating and set a $331.97 price objective on the stock. in a research note on Tuesday, January 9th. BidaskClub raised shares of Tesla from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, Goldman Sachs set a $205.00 target price on shares of Tesla and gave the stock a “sell” rating in a research report on Thursday, February 8th. Thirteen investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $304.33.

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Shares of TSLA opened at $300.08 on Wednesday. The company has a market capitalization of $48,596.57, a PE ratio of -26.14 and a beta of 1.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.56 and a current ratio of 0.86. Tesla has a 12-month low of $244.59 and a 12-month high of $389.61.



Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 33.08%. The business’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.69) EPS. research analysts forecast that Tesla will post -15.15 EPS for the current fiscal year.

In related news, VP Eric Branderiz sold 801 shares of the firm’s 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 completion of the sale, the vice president now directly owns 1,287 shares in the company, valued at $456,344.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 1,875 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $300.00, for a total transaction of $562,500.00. Following the sale, the director now owns 150,208 shares of the company’s stock, valued at $45,062,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,529 shares of company stock valued at $1,786,841. 23.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Truewealth LLC acquired a new stake in Tesla in the fourth quarter valued at approximately $102,000. Avestar Capital LLC acquired a new stake in Tesla in the fourth quarter valued at approximately $144,000. FDx Advisors Inc. acquired a new stake in Tesla in the fourth quarter valued at approximately $203,000. Centaurus Financial Inc. acquired a new stake in Tesla in the fourth quarter valued at approximately $212,000. Finally, Opes Advisors Inc acquired a new stake in Tesla in the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 58.19% of the company’s stock.

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Tesla Company Profile

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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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