Today, Tesla Motors Inc. (TSLA) Receives New Coverage from Analysts at Berenberg Bank

Today, Tesla Motors Inc. (TSLA) Receives New Coverage from Analysts at Berenberg Bank
Equities researchers at Berenberg Bank began coverage on shares of Tesla Motors Inc. (NASDAQ:TSLA) in a research note issued to investors on Tuesday. The firm set a “hold” rating and a $193.00 price target on the electric vehicle producer’s stock. Berenberg Bank’s price target points to a potential downside of 1.86% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Barclays PLC set a $165.00 target price on shares of Tesla Motors and gave the company a “sell” rating in a report on Thursday, October 27th. Royal Bank Of Canada upped their target price on shares of Tesla Motors from $210.00 to $220.00 and gave the company a “sector perform” rating in a report on Thursday, October 27th. Vetr cut shares of Tesla Motors from a “buy” rating to a “hold” rating and set a $216.16 target price on the stock. in a report on Monday, September 26th. Zacks Investment Research lowered shares of Tesla Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $245.00 price target on shares of Tesla Motors in a research note on Thursday, October 27th. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $250.49.

Shares of Tesla Motors (NASDAQ:TSLA) traded up 1.82% on Tuesday, reaching $196.65. 2,366,098 shares of the company’s stock were exchanged. The company’s market cap is $29.48 billion. The firm’s 50-day moving average price is $194.23 and its 200 day moving average price is $210.26. Tesla Motors has a 12 month low of $141.05 and a 12 month high of $269.34.

Tesla Motors (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $1.25. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. Tesla Motors’s quarterly revenue was up 145.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.58) EPS. Equities research analysts predict that Tesla Motors will post ($2.04) EPS for the current fiscal year.

In other news, Director Kimbal Musk sold 2,779 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $197.60, for a total transaction of $549,130.40. Following the completion of the sale, the director now directly owns 154,644 shares in the company, valued at $30,557,654.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey B. Straubel sold 33,430 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $190.82, for a total transaction of $6,379,112.60. Following the sale, the insider now owns 359,655 shares of the company’s stock, valued at $68,629,367.10. The disclosure for this sale can be found here. Insiders own 27.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in Tesla Motors by 14.5% in the third quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 62 shares during the period. Reilly Financial Advisors LLC boosted its stake in Tesla Motors by 92.9% in the third quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 237 shares during the period. Trust Co. of Vermont boosted its stake in Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock valued at $114,000 after buying an additional 95 shares during the period. Toronto Dominion Bank boosted its stake in Tesla Motors by 171.5% in the second quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer’s stock valued at $115,000 after buying an additional 1,305 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in Tesla Motors by 56.1% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the electric vehicle producer’s stock valued at $116,000 after buying an additional 180 shares during the period. Institutional investors own 64.36% of the company’s stock.

Tesla Motors Company Profile

Related posts

Leave a Comment