JPMorgan Chase & Co. set a $190.00 price target on Tesla (NASDAQ:TSLA) in a report published on Thursday. The firm currently has a sell rating on the electric vehicle producer’s stock.

A number of other research analysts also recently issued reports on the stock. Vetr raised shares of Tesla from a strong sell rating to a sell rating and set a $320.97 price objective on the stock in a research report on Friday, October 13th. Global Equities Research reissued a buy rating and set a $485.00 price objective on shares of Tesla in a research report on Wednesday, November 29th. Jefferies Group downgraded shares of Tesla from an in-line rating to an underperform rating and reduced their price objective for the company from $312.00 to $240.00 in a research report on Friday, October 27th. KeyCorp reissued a hold rating on shares of Tesla in a research report on Friday, November 10th. Finally, BidaskClub raised shares of Tesla from a strong sell rating to a sell rating in a research report on Tuesday, December 12th. Twelve analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $322.45.

Tesla (TSLA) opened at $310.42 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. The stock has a market cap of $52,170.00, a price-to-earnings ratio of -26.33 and a beta of 0.97. Tesla has a 1 year low of $242.01 and a 1 year high of $389.61.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.69) EPS. equities research analysts predict that Tesla will post -6.87 earnings per share for the current year.

In related news, Director Kimbal Musk sold 4,065 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the transaction, the director now owns 154,589 shares in the company, valued at approximately $48,244,135.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Eric Branderiz sold 801 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $354.58, for a total transaction of $284,018.58. Following the completion of the transaction, the vice president now owns 1,287 shares in the company, valued at approximately $456,344.46. The disclosure for this sale can be found here. Insiders sold a total of 10,231 shares of company stock worth $3,292,431 over the last ninety days. Insiders own 23.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Opes Advisors Inc bought a new position in Tesla in the 4th quarter worth about $212,000. FDx Advisors Inc. bought a new position in Tesla in the 4th quarter worth about $203,000. Synovus Financial Corp bought a new position in Tesla in the 4th quarter worth about $215,000. D L Carlson Investment Group Inc. boosted its stake in Tesla by 11.7% in the 4th quarter. D L Carlson Investment Group Inc. now owns 13,580 shares of the electric vehicle producer’s stock worth $4,228,000 after purchasing an additional 1,425 shares in the last quarter. Finally, Centaurus Financial Inc. bought a new position in Tesla in the 4th quarter worth about $212,000. Institutional investors own 57.35% of the company’s stock.

WARNING: “JPMorgan Chase & Co. Analysts Give Tesla (TSLA) a $190.00 Price Target” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://theolympiareport.com/2018/02/11/jpmorgan-chase-co-analysts-give-tesla-tsla-a-190-00-price-target.html.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.