Tesla Inc. (TSLA) Given a $265.00 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a $265.00 price target on Tesla Inc. (NASDAQ:TSLA) in a research note published on Monday. The brokerage currently has a hold rating on the electric vehicle producer’s stock.

Several other equities analysts have also issued reports on TSLA. Vetr raised Tesla from a buy rating to a strong-buy rating and set a $367.97 price target on the stock in a research note on Monday, July 17th. Citigroup Inc. began coverage on Tesla in a research note on Thursday, July 20th. They issued a neutral rating and a $357.00 price target on the stock. UBS AG reissued a sell rating and issued a $185.00 price target on shares of Tesla in a research note on Wednesday, July 26th. Robert W. Baird reissued an outperform rating and issued a $368.00 price target on shares of Tesla in a research note on Wednesday, July 26th. Finally, Goldman Sachs Group, Inc. (The) reissued a sell rating and issued a $180.00 price target (down from $190.00) on shares of Tesla in a research note on Monday, July 31st. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $330.44.

Tesla (TSLA) traded down $6.70 during trading on Monday, hitting $308.70. The company had a trading volume of 5,654,929 shares, compared to its average volume of 6,404,817. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla has a one year low of $178.19 and a one year high of $389.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the Zacks’ consensus estimate of ($3.09) by $0.17. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. equities analysts predict that Tesla will post -11.38 earnings per share for the current fiscal year.

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In other Tesla news, VP John Douglas Field sold 600 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total value of $180,960.00. Following the transaction, the vice president now directly owns 21,424 shares in the company, valued at approximately $6,461,478.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eric Branderiz sold 99 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total value of $34,661.88. The disclosure for this sale can be found here. Insiders sold a total of 53,782 shares of company stock worth $18,294,800 over the last 90 days. Corporate insiders own 23.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Pittenger & Anderson Inc. increased its position in shares of Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after purchasing an additional 50 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of Tesla during the 3rd quarter valued at about $106,000. Winfield Associates Inc. increased its position in shares of Tesla by 85.2% during the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after purchasing an additional 150 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Tesla by 2.8% during the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after purchasing an additional 9 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its position in shares of Tesla by 8.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 56.36% of the company’s stock.

About Tesla

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)

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