Tesla Inc. (TSLA) Receives "Underperform" Rating from Bank of America Corporation

Share

Analysts at Nomura have started coverage on the electric vehicles group's shares with a "buy" rating and a chunky price target of US$500.

Analysts await Tesla Inc (NASDAQ:TSLA) to report earnings on October, 25. Piper Jaffray Companies restated an overweight rating and set a $386.00 target price on shares of Tesla in a research note on Wednesday, September 27th. Kempen & Co downgraded the stock to "Sell" rating in Tuesday, January 5 report. During the same quarter in the prior year, the company earned ($1.06) EPS.

Among 31 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 12 have Buy rating, 7 Sell and 12 Hold.

Relative strength index (RSI-14) for Tesla Motors, Inc.

Some buy side analysts are also providing their Analysis on Tesla Motors, Inc., where 4 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 8 said it's a HOLD, 5 reported it as Underperform and 2 analysts rated the stock as Sell. The 50 day moving average was up $2.46 or +0.69% whereas the 200 day average was up by +7.17%.

Shares of Tesla (NASDAQ:TSLA) traded up 2.49% on Tuesday, hitting $356.80. About 5.98 million shares traded or 15.00% up from the average. The firm has a 50-day moving average of $354.92 and a 200-day moving average of $332.43. The stock's market cap is $59.55 billion. Tesla has a 52 week low of $178.19 and a 52 week high of $389.61. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion.

ROE (Return on equity) was recorded as -17.50% and TSLA's has Return on assets (ROA) of -3.50% while Return on Investment (ROI) was recorded as -5.80%. The firm's revenue was up 119.6% on a year-over-year basis. They expect $-2.00 earnings per share, down 1,528.57% or $2.14 from last year's $0.14 per share. Comparatively, TSLA posted earnings of $0.48 per share in the same quarter, a year earlier. Secor Cap Lp has 0.22% invested in Tesla Inc (NASDAQ:TSLA). If you are viewing this report on another site, it was copied illegally and republished in violation of USA and worldwide trademark & copyright laws.

08/04/2017 - Tesla Motors, Inc. had its "sell" rating reiterated by analysts at Goldman Sachs. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

In other news, Director Stephen T. Jurvetson sold 44,777 shares of the company's stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. (TSLA) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,256 shares of company stock valued at $16,756,628.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Mngmt owns 0% invested in Tesla Inc (NASDAQ:TSLA) for 254 shares. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 279 shares from its total ownership of 26608. After $1.14 actual earnings per share reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 21.05% EPS growth. Wetherby Asset Management Inc. now owns 2,067 shares of the electric vehicle producer's stock worth $442,000 after buying an additional 35 shares during the period. Massachusetts-based Alpha Windward Ltd Co has invested 0.02% in Tesla Inc (NASDAQ:TSLA). Winfield Associates Inc. now owns 326 shares of the electric vehicle producer's stock worth $118,000 after buying an additional 150 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in Tesla by 2.2% during the second quarter. CIBC World Markets Inc. now owns 10,575 shares of the electric vehicle producer's stock valued at $3,824,000 after purchasing an additional 4,504 shares in the last quarter.

About 4.34M shares traded. Based on 7 analysts polled by TipRanks in the last 3 months, 3 rate a Buy on Fitbit stock while 4 maintain a Hold. (NASDAQ:TSLA) has been trading recently.

On 9/19/2017, Jefferies released a statement on Tesla (NASDAQ:TSLA) increased the target price from $0.00 to $280.00 that suggested a downside of -0.27%. The Company operates through two segments: Automotive, and Energy generation and storage.

Share