Tesla (NASDAQ:TSLA) Price Target Raised to $230.00 at Jefferies Financial Group

Tesla (NASDAQ:TSLAGet Rating) had its price target lifted by Jefferies Financial Group from $180.00 to $230.00 in a report published on Monday, The Fly reports. Jefferies Financial Group currently has a buy rating on the electric vehicle producer’s stock.

A number of other analysts have also recently commented on TSLA. Royal Bank of Canada boosted their price objective on Tesla from $186.00 to $223.00 and gave the company an outperform rating in a research report on Monday, February 6th. Berenberg Bank raised Tesla from a hold rating to a buy rating and decreased their price target for the company from $255.00 to $200.00 in a research note on Monday, January 30th. Cowen boosted their price objective on Tesla from $122.00 to $140.00 and gave the company a market perform rating in a report on Thursday, January 26th. Wedbush reiterated an outperform rating and issued a $225.00 price objective on shares of Tesla in a report on Thursday, March 2nd. Finally, Morgan Stanley cut their price target on Tesla from $250.00 to $220.00 and set an overweight rating on the stock in a report on Wednesday, January 25th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $221.07.

Tesla Stock Down 2.0 %

Tesla stock opened at $193.81 on Monday. The stock has a market capitalization of $613.23 billion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 2.39 and a beta of 2.06. Tesla has a 12 month low of $101.81 and a 12 month high of $384.29. The business has a 50 day simple moving average of $163.71 and a 200-day simple moving average of $203.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.05.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings data on Wednesday, January 25th. The electric vehicle producer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. The business had revenue of $24.32 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Tesla had a return on equity of 31.71% and a net margin of 15.41%. The business’s revenue was up 37.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. On average, analysts anticipate that Tesla will post 3.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $202.00, for a total value of $2,121,000.00. Following the completion of the sale, the senior vice president now directly owns 64,259 shares in the company, valued at $12,980,318. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $202.00, for a total value of $2,121,000.00. Following the transaction, the senior vice president now owns 64,259 shares of the company’s stock, valued at $12,980,318. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total value of $410,131.12. Following the completion of the transaction, the chief financial officer now directly owns 200,411 shares in the company, valued at approximately $21,906,926.41. The disclosure for this sale can be found here. Insiders sold 10,114,002 shares of company stock worth $1,634,399,531 over the last ninety days. Company insiders own 25.10% of the company’s stock.

Institutional Trading of Tesla

Several large investors have recently added to or reduced their stakes in TSLA. Vanguard Group Inc. increased its stake in shares of Tesla by 212.2% in the third quarter. Vanguard Group Inc. now owns 213,024,517 shares of the electric vehicle producer’s stock worth $56,504,752,000 after acquiring an additional 144,784,989 shares during the last quarter. State Street Corp boosted its holdings in Tesla by 213.5% during the third quarter. State Street Corp now owns 99,647,239 shares of the electric vehicle producer’s stock valued at $26,431,430,000 after acquiring an additional 67,859,515 shares during the period. Geode Capital Management LLC boosted its holdings in Tesla by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 49,109,751 shares of the electric vehicle producer’s stock valued at $6,037,981,000 after acquiring an additional 1,614,023 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Tesla by 229.9% during the third quarter. Price T Rowe Associates Inc. MD now owns 46,956,884 shares of the electric vehicle producer’s stock valued at $12,493,433,000 after buying an additional 32,723,798 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Tesla by 200.2% during the third quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock valued at $7,840,155,000 after buying an additional 19,711,687 shares during the last quarter. 43.00% of the stock is owned by institutional investors and hedge funds.

Tesla Company Profile

(Get Rating)

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.

See Also

The Fly logo

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.