JPMorgan Chase & Co. Analysts Give Tesla (TSLA) a $190.00 Price Target
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.
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.
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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.
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