Tesla (TSLA) Earns Hold Rating from KeyCorp

KeyCorp reaffirmed their hold rating on shares of Tesla (NASDAQ:TSLA) in a report issued on Wednesday morning.

Several other equities analysts also recently commented on TSLA. BidaskClub upgraded shares of Tesla from a strong sell rating to a sell rating in a research note on Friday, April 6th. Morgan Stanley dropped their price target on shares of Tesla from $379.00 to $376.00 and set an equal weight rating for the company in a research note on Wednesday. ValuEngine downgraded shares of Tesla from a hold rating to a sell rating in a research note on Monday, April 2nd. Vetr downgraded shares of Tesla from a strong-buy rating to a buy rating and set a $327.47 price target for the company. in a research note on Thursday, April 5th. Finally, Zacks Investment Research upgraded shares of Tesla from a sell rating to a hold rating in a research note on Thursday, April 12th. Thirteen equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $304.33.

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NASDAQ:TSLA opened at $290.24 on Wednesday. The firm has a market capitalization of $49,552.66, a price-to-earnings ratio of -25.28 and a beta of 1.19. 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 52 week low of $244.59 and a 52 week high of $389.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 33.08%. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.69) earnings per share. sell-side analysts anticipate that Tesla will post -15.15 earnings per share for the current fiscal year.

In other news, VP Eric Branderiz sold 801 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total value of $284,018.58. Following the completion of the sale, the vice president now directly owns 1,287 shares of the company’s stock, valued at $456,344.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John Douglas Field sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $330.06, for a total transaction of $330,060.00. Following the completion of the sale, the vice president now directly owns 19,028 shares of the company’s stock, valued at $6,280,381.68. The disclosure for this sale can be found here. Insiders sold 5,529 shares of company stock valued at $1,786,841 in the last 90 days. 23.10% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in TSLA. Truewealth LLC purchased a new stake in shares of Tesla in the fourth quarter valued at about $102,000. Avestar Capital LLC purchased a new stake in shares of Tesla in the fourth quarter valued at about $144,000. FDx Advisors Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at about $203,000. Centaurus Financial Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at about $212,000. Finally, Opes Advisors Inc purchased a new stake in shares of Tesla in the fourth quarter valued at about $212,000. 58.19% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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