Mizuho Reiterates “Neutral” Rating for Tesla (TSLA)

Mizuho Reiterates “Neutral” Rating for Tesla (TSLA)


Mizuho reiterated their neutral rating on shares of Tesla (NASDAQ:TSLAFree Report) in a report issued on Monday morning, MarketBeat.com reports. Mizuho currently has a $195.00 target price on the electric vehicle producer’s stock, down from their prior target price of $270.00.

Other research analysts have also issued reports about the company. Guggenheim lifted their target price on Tesla from $125.00 to $132.00 and gave the stock a sell rating in a report on Friday, December 15th. Jefferies Financial Group lowered their target price on Tesla from $225.00 to $185.00 and set a hold rating on the stock in a research report on Monday, January 29th. Oppenheimer reissued a market perform rating on shares of Tesla in a research report on Tuesday, January 2nd. Wells Fargo & Company downgraded Tesla from an equal weight rating to an underweight rating and lowered their price target for the stock from $200.00 to $125.00 in a research report on Wednesday, March 13th. Finally, TD Cowen decreased their target price on Tesla from $200.00 to $180.00 and set a market perform rating on the stock in a research report on Thursday, January 25th. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $209.15.

Get Our Latest Analysis on Tesla

Tesla Stock Up 1.1 %

NASDAQ TSLA opened at $172.63 on Monday. The stock has a fifty day moving average of $190.26 and a 200-day moving average of $223.41. The stock has a market capitalization of $549.79 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 3.84 and a beta of 2.41. Tesla has a 52 week low of $152.37 and a 52 week high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that Tesla will post 2.45 EPS for the current year.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The disclosure for this sale can be found here. Insiders sold a total of 198,598 shares of company stock valued at $36,952,434 in the last three months. Insiders own 20.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Hedge funds have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new position in shares of Tesla in the 3rd quarter worth approximately $25,000. Wyrmwood Management LLC purchased a new position in shares of Tesla in the 4th quarter worth approximately $25,000. Lam Group Inc. purchased a new position in shares of Tesla in the 4th quarter worth approximately $25,000. Alpha Paradigm Partners LLC purchased a new position in shares of Tesla in the 3rd quarter worth approximately $27,000. Finally, Halpern Financial Inc. raised its holdings in shares of Tesla by 1,111.1% in the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 100 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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