Notable Stock Analysts Ratings: Tesla Motors, Inc. (NASDAQ:TSLA)

Mar 01, 2017, 00:32

Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company.

TSLA has been the topic of a number of other reports. FLO holds price to earnings ratio of 24.68 that presents much better indication for a stock's value than the market price alone.

The investment bank cut shares to "sell" from 'neutral, ' citing most all the negatives already outlined and estimates Tesla has skewed risk to the downside.

Shares of Tesla (NDAQ:TSLA) traded up 1.34% during midday trading on Thursday, reaching $249.54.

"Further, the acquisition of SolarCity - which is undergoing its own business model transition - comes at a time when we believe Tesla should be singularly focused on becoming a mass automobile manufacturer", he wrote, referring to the solar energy services company of which Tesla CEO Elon Musk is chairman.

The Russell 2000 index, composed of companies with a small market capitalisation, began the day in a more positive mood, rising 0.4 per cent to 1,400, with Gogo Inc, a provider of in-flight internet services for aircraft, one of the leading performers, rising 16 per cent to $10.58.

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"Now, you've had a 38 percent retracement - a textbook retracement - right back to the 50-day [moving average] around $241-ish". The median one-year price target of 17 analysts covering the company is $223.00, which suggests the stock could still rise over -15 percent.

They're still way up, but since fourth-quarter and full-year 2016 earnings were reported last week, the stock has been getting clobbered. During the same quarter previous year, the company earned ($0.87) EPS. That was less than half the $320.4 million loss from the year-earlier quarter. These analysts have also projected a Low Estimate of $-1.79/share and a High Estimate of $0.83/share.

The investment banking giant downgraded shares from "Hold" to "Sell", sending shares of the electric auto giant down by almost 5% in trading Monday. The stock was sold at an average price of $212.90, for a total transaction of $532,250.00. Following the sale, the director now owns 166,846 shares of the company's stock, valued at $35,521,513.40. Also, VP John Douglas Field sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, January 10th. Following the completion of the transaction, the insider now directly owns 359,655 shares in the company, valued at $68,629,367.10. The disclosure for this sale can be found here. Insiders have sold a total of 14,700 shares of company stock worth $3,610,196 in the last 90 days.

In related news, Director Antonio J. Gracias sold 5,600 shares of the company's stock in a transaction on Wednesday, January 25th.

Several hedge funds have recently bought and sold shares of TSLA.

Only a few weeks ago, Tesla did away with the word "Motors" in its name to go ahead with only the Tesla name. Baillie Gifford & Co. increased its stake in shares of Tesla Motors by 9.5% in the second quarter. State Street Corp increased its stake in Tesla Motors by 6.9% in the fourth quarter.

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