Tesla (NASDAQ:TSLA) Price Target Cut to $220.00

Tesla (NASDAQ:TSLAGet Rating) had its target price lowered by equities researchers at Deutsche Bank Aktiengesellschaft from $250.00 to $220.00 in a research report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 64.89% from the stock’s previous close.

Several other brokerages also recently weighed in on TSLA. Edward Jones raised shares of Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Mizuho lowered their price target on shares of Tesla from $285.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, January 5th. Cowen lowered their price target on shares of Tesla from $205.00 to $122.00 in a report on Tuesday, January 3rd. Piper Sandler lowered their price target on shares of Tesla from $340.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Guggenheim downgraded shares of Tesla from a “neutral” rating to a “sell” rating in a report on Friday, January 13th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $218.29.

Tesla Stock Performance

TSLA opened at $133.42 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The company has a market cap of $421.31 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 0.95 and a beta of 2.02. The company’s 50 day moving average is $150.72 and its 200 day moving average is $222.02. Tesla has a 12-month low of $101.81 and a 12-month high of $384.29.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $21.45 billion for the quarter, compared to the consensus estimate of $21.96 billion. Tesla had a net margin of 14.95% and a return on equity of 31.10%. The firm’s revenue was up 55.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities research analysts predict that Tesla will post 3.6 EPS for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the transaction, the senior vice president now owns 62,988 shares in the company, valued at $14,484,090.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Andrew D. Baglino sold 1,312 shares of the company’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total value of $233,627.84. Following the transaction, the senior vice president now directly owns 64,259 shares in the company, valued at $11,442,600.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the transaction, the senior vice president now owns 62,988 shares in the company, valued at $14,484,090.60. The disclosure for this sale can be found here. Insiders have sold 24,172,833 shares of company stock worth $4,492,567,309 over the last quarter. Insiders own 25.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cranbrook Wealth Management LLC lifted its stake in Tesla by 224.1% in the third quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock worth $25,000 after acquiring an additional 65 shares during the period. Coston McIsaac & Partners lifted its stake in Tesla by 200.0% in the third quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock worth $25,000 after acquiring an additional 64 shares during the period. TFO TDC LLC purchased a new stake in Tesla in the second quarter worth about $27,000. Horan Securities Inc. lifted its stake in Tesla by 164.3% in the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 23 shares during the period. Finally, West Oak Capital LLC purchased a new stake in Tesla in the third quarter worth about $27,000. 43.00% of the stock is currently owned by institutional investors.

About Tesla

(Get Rating)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

Featured Stories

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.