Today: The Tesla Motors Inc. (TSLA) Rating Reiterate by JPMorgan Chase & Co.

The Tesla Motors Inc. (TSLA) Rating Reiterate by JPMorgan Chase & Co.

Tesla Motors Inc. (NASDAQ:TSLA)‘s stock had its “sell” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. They presently have a $180.00 target price on the electric vehicle producer’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 9.99% from the company’s current price.

TSLA has been the subject of a number of other research reports. Robert W. Baird set a $338.00 price objective on Tesla Motors and gave the company a “buy” rating in a research report on Wednesday, September 28th. Mizuho restated a “positive” rating on shares of Tesla Motors in a research report on Thursday, October 20th. Citigroup Inc. restated an “underweight” rating on shares of Tesla Motors in a research report on Friday, October 21st. Pacific Crest restated a “hold” rating on shares of Tesla Motors in a research report on Thursday. Finally, Dougherty & Co restated a “buy” rating and set a $500.00 price objective on shares of Tesla Motors in a research report on Thursday. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $249.21.

Tesla Motors (NASDAQ:TSLA) opened at 199.97 on Thursday. The stock’s market cap is $29.79 billion. The stock has a 50 day moving average price of $202.35 and a 200-day moving average price of $217.60. 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 quarterly earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $1.25. Tesla Motors had a negative return on equity of 34.68% and a negative net margin of 14.74%. The business earned $2.30 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the business earned ($0.58) EPS. The business’s quarterly revenue was up 145.3% on a year-over-year basis. On average, analysts expect that Tesla Motors will post ($2.03) EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of Tesla Motors by 14.5% in the third quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock worth $100,000 after buying an additional 62 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Tesla Motors by 92.9% in the third quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock worth $100,000 after buying an additional 237 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock worth $114,000 after buying an additional 95 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Tesla Motors by 171.5% in the second quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer’s stock worth $115,000 after buying an additional 1,305 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Tesla Motors by 56.1% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the electric vehicle producer’s stock worth $116,000 after buying an additional 180 shares during the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.

Tesla Motors Company Profile

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