Tesla (TSLA) Given a $325.00 Price Target by Sanford C. Bernstein Analysts

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Tesla (NASDAQ:TSLA) has been assigned a $325.00 price objective by Sanford C. Bernstein in a report issued on Thursday, April 25th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the electric vehicle producer’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 54.01% from the stock’s current price.

TSLA has been the topic of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $450.00 target price on shares of Tesla in a research note on Wednesday, March 27th. Oppenheimer boosted their price target on shares of Tesla from $418.00 to $437.00 and gave the company an “outperform” rating in a research note on Thursday, January 31st. Berenberg Bank set a $500.00 price target on shares of Tesla and gave the company a “buy” rating in a research note on Friday, March 1st. Canaccord Genuity raised shares of Tesla from a “hold” rating to a “buy” rating and boosted their price target for the company from $330.00 to $450.00 in a research note on Monday, February 11th. Finally, Wedbush downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $365.00 to $275.00 in a research note on Thursday, April 25th. Sixteen research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. Tesla presently has a consensus rating of “Hold” and a consensus price target of $303.47.

Shares of NASDAQ TSLA opened at $211.03 on Thursday. Tesla has a 52-week low of $208.92 and a 52-week high of $387.46. The stock has a market capitalization of $39.67 billion, a PE ratio of -36.89 and a beta of 0.27. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.79.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.51) by ($1.59). The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $5.18 billion. Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter last year, the business earned ($3.35) EPS. Research analysts predict that Tesla will post -4.64 earnings per share for the current fiscal year.

In related news, Director Antonio J. Gracias sold 16,780 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $285.46, for a total value of $4,790,018.80. Following the transaction, the director now owns 16,792 shares in the company, valued at $4,793,444.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Elon Musk purchased 102,880 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $243.00 per share, for a total transaction of $24,999,840.00. The disclosure for this purchase can be found here. Insiders sold 78,560 shares of company stock worth $21,772,906 over the last three months. Corporate insiders own 22.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. Slow Capital Inc. raised its stake in shares of Tesla by 19.0% during the first quarter. Slow Capital Inc. now owns 7,775 shares of the electric vehicle producer’s stock valued at $2,175,000 after purchasing an additional 1,241 shares during the period. Kore Private Wealth LLC purchased a new stake in shares of Tesla during the first quarter valued at approximately $35,000. IHT Wealth Management LLC purchased a new stake in shares of Tesla during the first quarter valued at approximately $250,000. Financial Advocates Investment Management raised its stake in shares of Tesla by 11.6% during the first quarter. Financial Advocates Investment Management now owns 2,149 shares of the electric vehicle producer’s stock valued at $602,000 after purchasing an additional 223 shares during the period. Finally, Ferris Capital LLC increased its stake in shares of Tesla by 46.5% in the first quarter. Ferris Capital LLC now owns 315 shares of the electric vehicle producer’s stock worth $88,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 59.71% of the company’s stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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