Tesla (TSLA) Given a $270.00 Price Target at Nord/LB

Tesla (NASDAQ:TSLA) received a $270.00 price objective from investment analysts at Nord/LB in a note issued to investors on Thursday. The firm presently has a “sell” rating on the electric vehicle producer’s stock. Nord/LB’s price target indicates a potential downside of 13.02% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Vetr upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $336.07 target price for the company in a research report on Monday, February 5th. BidaskClub upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research lowered shares of Tesla from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Cowen restated a “sell” rating on shares of Tesla in a research report on Friday, January 19th. Finally, KeyCorp restated a “hold” rating on shares of Tesla in a research report on Thursday, January 4th. Twelve investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $322.45.

Shares of Tesla (TSLA) opened at $310.42 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla has a 12-month low of $242.01 and a 12-month high of $389.61.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.12) by $0.08. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The firm’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.69) earnings per share. analysts forecast that Tesla will post -6.87 earnings per share for the current fiscal year.

In other news, VP John Douglas Field sold 1,400 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total value of $476,938.00. Following the transaction, the vice president now owns 21,528 shares of the company’s stock, valued at $7,333,943.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric Branderiz sold 801 shares of the business’s stock in a transaction on 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 directly owns 1,287 shares in the company, valued at approximately $456,344.46. The disclosure for this sale can be found here. Insiders sold 10,231 shares of company stock worth $3,292,431 in the last three months. Insiders own 23.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TSLA. Opes Advisors Inc purchased a new stake in Tesla during the fourth quarter valued at $212,000. FDx Advisors Inc. purchased a new stake in Tesla during the fourth quarter valued at $203,000. Synovus Financial Corp purchased a new stake in Tesla during the fourth quarter valued at $215,000. D L Carlson Investment Group Inc. raised its stake in Tesla by 11.7% during the fourth quarter. D L Carlson Investment Group Inc. now owns 13,580 shares of the electric vehicle producer’s stock valued at $4,228,000 after purchasing an additional 1,425 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in Tesla during the fourth quarter valued at $212,000. 57.35% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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