Tesla (NASDAQ:TSLA - Get Free Report)'s stock had its "outperform" rating restated by analysts at Robert W. Baird in a research report issued on Wednesday, Benzinga reports. They currently have a $280.00 price target on the electric vehicle producer's stock. Robert W. Baird's price target indicates a potential upside of 80.12% from the company's previous close.
A number of other research analysts have also recently weighed in on TSLA. China Renaissance initiated coverage on shares of Tesla in a research report on Monday, February 26th. They set a "hold" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $298.00 price objective on shares of Tesla in a research report on Wednesday, March 27th. Citigroup cut their price objective on shares of Tesla from $196.00 to $180.00 and set a "neutral" rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. lowered their target price on shares of Tesla from $130.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 3rd. Finally, The Goldman Sachs Group lowered their target price on shares of Tesla from $190.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $197.15.
Read Our Latest Stock Analysis on TSLA
Tesla Price Performance
TSLA traded down $1.66 during trading hours on Wednesday, hitting $155.45. The company's stock had a trading volume of 82,283,222 shares, compared to its average volume of 101,923,211. The business's 50-day moving average price is $180.24 and its 200-day moving average price is $212.64. Tesla has a 12 month low of $152.37 and a 12 month high of $299.29. The stock has a market cap of $495.08 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 4.25 and a beta of 2.39. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter last year, the firm earned $1.07 EPS. The company's revenue was up 3.5% on a year-over-year basis. Sell-side analysts expect that Tesla will post 1.98 earnings per share for the current fiscal year.
Insider Buying and Selling at Tesla
In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company's stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Tesla
Several hedge funds have recently modified their holdings of TSLA. Axiom Financial Strategies LLC increased its holdings in shares of Tesla by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer's stock valued at $777,000 after acquiring an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Tesla by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer's stock valued at $1,079,672,000 after acquiring an additional 164,789 shares in the last quarter. MAS Advisors LLC increased its holdings in shares of Tesla by 25.7% during the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer's stock valued at $433,000 after acquiring an additional 81 shares in the last quarter. Ergoteles LLC increased its holdings in shares of Tesla by 33.4% during the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer's stock valued at $3,844,000 after acquiring an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Tesla by 6.8% in the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer's stock worth $77,767,000 after buying an additional 4,593 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.
About Tesla
(
Get Free Report)
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
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