Today: The Barclays PLC Analysts Give Tesla Motors Inc. (TSLA) a $165.00 Price Target

The Barclays PLC Analysts Give Tesla Motors Inc. (TSLA) a $165.00 Price Target

Barclays PLC set a $165.00 target price on Tesla Motors Inc. (NASDAQ:TSLA) in a research report sent to investors on Monday morning. The firm currently has a a sell rating on the electric vehicle producer’s stock.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada restated a hold rating on shares of Tesla Motors in a research note on Saturday, July 9th. Pacific Crest restated a sector weight rating on shares of Tesla Motors in a research note on Wednesday, June 22nd. Morgan Stanley restated an equal weight rating and issued a $245.00 price target on shares of Tesla Motors in a research note on Wednesday, August 3rd. Robert W. Baird restated an outperform rating and issued a $338.00 price target on shares of Tesla Motors in a research note on Wednesday, June 22nd. Finally, Oppenheimer Holdings Inc. downgraded Tesla Motors from an outperform rating to a market perform rating and dropped their price target for the stock from $264.75 to $195.00 in a research note on Wednesday, June 22nd. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $246.30.

Shares of Tesla Motors (NASDAQ:TSLA) opened at 201.51 on Monday. The company’s market capitalization is $29.96 billion. The firm has a 50 day moving average price of $205.24 and a 200 day moving average price of $221.12. Tesla Motors has a 52 week low of $141.05 and a 52 week high of $269.34.

Tesla Motors (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the consensus estimate of ($0.51) by $0.55. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Tesla Motors had a negative net margin of 24.64% and a negative return on equity of 46.30%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.48) earnings per share. Equities analysts forecast that Tesla Motors will post ($0.93) EPS for the current year.

A number of institutional investors have recently modified their holdings of TSLA. Baillie Gifford & Co. increased its position in shares of Tesla Motors by 9.5% in the second quarter. Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer’s stock worth $2,773,818,000 after buying an additional 1,137,759 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Tesla Motors by 13.4% in the second quarter. Vanguard Group Inc. now owns 4,894,369 shares of the electric vehicle producer’s stock worth $1,038,976,000 after buying an additional 578,459 shares during the last quarter. Bloom Tree Partners LLC acquired a new position in shares of Tesla Motors during the first quarter worth about $59,515,000. State Treasurer State of Michigan increased its position in shares of Tesla Motors by 224.0% in the second quarter. State Treasurer State of Michigan now owns 339,623 shares of the electric vehicle producer’s stock worth $72,095,000 after buying an additional 234,802 shares during the last quarter. Finally, Blue Ridge Capital L.L.C. acquired a new position in shares of Tesla Motors during the second quarter worth about $40,596,000. 66.62% of the stock is owned by institutional investors.

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