Analysts Consensus Rating for Tesla, Inc. (NASDAQ:TSLA) Classified as “Reduce”

Analysts Consensus Rating for Tesla, Inc. (NASDAQ:TSLA) Classified as “Reduce”


Shares of Tesla, Inc. (NASDAQ:TSLAGet Free Report) have been assigned an average recommendation of “Reduce” from the thirty-two brokerages that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $198.81.

Several equities research analysts have weighed in on the company. Guggenheim upped their price target on Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a report on Friday, December 15th. Sanford C. Bernstein reduced their target price on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. Canaccord Genuity Group decreased their price target on shares of Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. UBS Group dropped their price objective on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Finally, Barclays lowered their target price on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a research note on Thursday, January 25th.

Read Our Latest Report on Tesla

Tesla Stock Down 2.0 %

Shares of NASDAQ:TSLA opened at $171.05 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The firm has a market capitalization of $544.76 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 3.49 and a beta of 2.39. The firm’s 50-day moving average is $181.83 and its two-hundred day moving average is $214.69. Tesla has a 1 year low of $152.37 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the prior year, the business earned $1.07 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts predict that Tesla will post 2.2 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gleason Group Inc. purchased a new stake in shares of Tesla during the 1st quarter worth $438,000. Von Berge Wealth Management Group LLC boosted its holdings in Tesla by 3.3% during the first quarter. Von Berge Wealth Management Group LLC now owns 6,092 shares of the electric vehicle producer’s stock worth $1,071,000 after buying an additional 193 shares in the last quarter. Evanson Asset Management LLC grew its position in Tesla by 10.8% during the first quarter. Evanson Asset Management LLC now owns 25,475 shares of the electric vehicle producer’s stock worth $4,478,000 after buying an additional 2,487 shares during the period. Keystone Wealth Services LLC increased its holdings in Tesla by 9.5% in the first quarter. Keystone Wealth Services LLC now owns 5,944 shares of the electric vehicle producer’s stock valued at $1,045,000 after buying an additional 516 shares in the last quarter. Finally, Wealth Management Partners LLC lifted its position in shares of Tesla by 1.9% during the 1st quarter. Wealth Management Partners LLC now owns 11,693 shares of the electric vehicle producer’s stock valued at $2,056,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Company Profile

(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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)



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