Tesla (NASDAQ:TSLA) has been assigned a $376.00 target price by analysts at Morgan Stanley in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the electric vehicle producer’s stock. Morgan Stanley’s price objective indicates a potential upside of 27.86% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Nomura restated a “buy” rating and set a $500.00 target price on shares of Tesla in a report on Thursday, January 4th. Piper Jaffray set a $385.00 target price on Tesla and gave the company a “buy” rating in a report on Thursday, February 8th. Berenberg Bank set a $470.00 target price on Tesla and gave the company a “buy” rating in a report on Thursday, February 8th. Dougherty & Co upped their target price on Tesla from $340.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Vetr upgraded Tesla from a “hold” rating to a “buy” rating and set a $339.63 target price for the company in a report on Monday, February 12th. Thirteen investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $304.33.

Shares of Tesla stock opened at $294.08 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.56. Tesla has a 52 week low of $244.59 and a 52 week high of $389.61.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating analysts’ consensus estimates of ($3.12) by $0.08. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.69) earnings per share. sell-side analysts forecast that Tesla will post -15.15 EPS for the current year.

In related news, Director Kimbal Musk sold 1,875 shares of the stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $300.00, for a total transaction of $562,500.00. Following the sale, the director now directly owns 150,208 shares of the company’s stock, valued at $45,062,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John Douglas Field sold 1,000 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $321.41, for a total value of $321,410.00. Following the sale, the vice president now directly owns 20,561 shares in the company, valued at $6,608,511.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,728 shares of company stock worth $1,502,822. Insiders own 23.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Truewealth LLC purchased a new stake in shares of Tesla during the fourth quarter valued at $102,000. Avestar Capital LLC purchased a new stake in shares of Tesla during the fourth quarter valued at $144,000. FDx Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter valued at $203,000. Centaurus Financial Inc. purchased a new stake in shares of Tesla during the fourth quarter valued at $212,000. Finally, Opes Advisors Inc purchased a new stake in shares of Tesla during the fourth quarter valued at $212,000. 58.22% of the stock is currently owned by institutional investors.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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.