Tesla (NASDAQ:TSLA) has been given a $245.00 price objective by investment analysts at Royal Bank of Canada in a report issued on Monday. The brokerage presently has a “sell” rating on the electric vehicle producer’s stock. Royal Bank of Canada’s price target would indicate a potential downside of 11.05% from the stock’s current price.

A number of other equities analysts also recently issued reports on TSLA. BidaskClub raised shares of Tesla from a “hold” rating to a “buy” rating in a report on Saturday, November 17th. ValuEngine raised shares of Tesla from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 20th. UBS Group reissued a “sell” rating and issued a $230.00 price objective on shares of Tesla in a report on Tuesday, November 20th. Wolfe Research raised their price objective on shares of Tesla from $410.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, December 6th. Finally, Jefferies Financial Group raised shares of Tesla from a “hold” rating to a “buy” rating and raised their price objective for the stock from $360.00 to $450.00 in a report on Friday, December 7th. Fifteen investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $327.95.

Shares of TSLA traded down $14.53 on Monday, reaching $275.43. The company’s stock had a trading volume of 14,761,581 shares, compared to its average volume of 8,533,394. The company has a current ratio of 0.83, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. The company has a market cap of $48.94 billion, a price-to-earnings ratio of -48.15, a PEG ratio of 4.95 and a beta of 0.37. Tesla has a 12-month low of $244.59 and a 12-month high of $387.46.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.93. The company had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.09 billion. Tesla had a negative net margin of 4.55% and a negative return on equity of 18.50%. The firm’s revenue was up 119.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.04) earnings per share. As a group, analysts predict that Tesla will post 1.64 EPS for the current fiscal year.

In related news, Director Antonio J. Gracias sold 8,390 shares of the business’s stock in a transaction on Friday, December 21st. The shares were sold at an average price of $317.58, for a total value of $2,664,496.20. Following the sale, the director now owns 24,332 shares in the company, valued at $7,727,356.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Antonio J. Gracias sold 16,780 shares of the business’s stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $348.22, for a total transaction of $5,843,131.60. Following the completion of the sale, the director now owns 17,018 shares in the company, valued at approximately $5,926,007.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,130 shares of company stock worth $39,063,084. Company insiders own 22.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Polaris Greystone Financial Group LLC increased its position in Tesla by 3.1% in the fourth quarter. Polaris Greystone Financial Group LLC now owns 1,013 shares of the electric vehicle producer’s stock worth $337,000 after purchasing an additional 30 shares during the last quarter. Hanson McClain Inc. increased its position in Tesla by 3.9% in the fourth quarter. Hanson McClain Inc. now owns 994 shares of the electric vehicle producer’s stock worth $331,000 after purchasing an additional 37 shares during the last quarter. Regentatlantic Capital LLC increased its position in Tesla by 5.4% in the fourth quarter. Regentatlantic Capital LLC now owns 879 shares of the electric vehicle producer’s stock worth $293,000 after purchasing an additional 45 shares during the last quarter. Sage Capital Advisors llc increased its position in Tesla by 57.7% in the fourth quarter. Sage Capital Advisors llc now owns 123 shares of the electric vehicle producer’s stock worth $41,000 after purchasing an additional 45 shares during the last quarter. Finally, Garde Capital Inc. increased its position in Tesla by 2.3% in the third quarter. Garde Capital Inc. now owns 2,104 shares of the electric vehicle producer’s stock worth $733,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 59.03% of the company’s stock.

Tesla Company Profile

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.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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