Tesla (TSLA) Rating Increased to Buy at Vetr
Tesla (NASDAQ:TSLA) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $342.95 target price on the electric vehicle producer’s stock. Vetr‘s target price would indicate a potential upside of 4.82% from the company’s current price.
Several other equities analysts have also issued reports on the company. Global Equities Research restated a “buy” rating and set a $485.00 price target on shares of Tesla in a research report on Wednesday, November 29th. Nomura reissued a “buy” rating and issued a $500.00 target price on shares of Tesla in a research note on Thursday, January 4th. Piper Jaffray Companies set a $385.00 target price on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, February 8th. Berenberg Bank set a $470.00 target price on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Dougherty & Co raised their target price on shares of Tesla from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Twelve research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $321.86.
Tesla (NASDAQ:TSLA) opened at $327.17 on Monday. 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 12-month low of $242.78 and a 12-month high of $389.61. The company has a market capitalization of $54,990.00, a price-to-earnings ratio of -43.68 and a beta of 1.01.
In related news, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction that occurred on 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 completion of the sale, the director now owns 154,589 shares in the company, valued at approximately $48,244,135.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric Branderiz sold 452 shares of Tesla stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $325.44, for a total transaction of $147,098.88. The disclosure for this sale can be found here. Insiders sold a total of 9,119 shares of company stock valued at $2,983,344 in the last quarter. 23.10% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of TSLA. Wealthcare Advisory Partners LLC acquired a new position in Tesla during the third quarter worth about $100,000. Truewealth LLC acquired a new stake in shares of Tesla during the fourth quarter worth $102,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Tesla during the third quarter worth $106,000. Avestar Capital LLC acquired a new stake in shares of Tesla during the fourth quarter worth $144,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Tesla during the fourth quarter worth $203,000. Hedge funds and other institutional investors own 57.83% 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.
To view Vetr’s full report, visit Vetr’s official website.
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