Tesla (NASDAQ:TSLA) Rating Reiterated by Cantor Fitzgerald

Tesla (NASDAQ:TSLA - Get Free Report)'s stock had its "neutral" rating reissued by investment analysts at Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They currently have a $245.00 price target on the electric vehicle producer's stock. Cantor Fitzgerald's price target points to a potential upside of 8.03% from the stock's current price.

A number of other analysts have also commented on TSLA. HSBC boosted their price objective on shares of Tesla from $120.00 to $130.00 in a research report on Wednesday, July 10th. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Tuesday, July 9th. Royal Bank of Canada dropped their price target on shares of Tesla from $227.00 to $224.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Citigroup dropped their price target on shares of Tesla from $274.00 to $258.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 24th. Finally, Argus reaffirmed a "buy" rating and set a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $209.60.

Tesla Stock Down 1.5 %

Shares of TSLA stock traded down $3.51 during trading on Monday, reaching $226.78. The company's stock had a trading volume of 54,114,344 shares, compared to its average volume of 96,575,586. The business has a fifty day moving average price of $222.85 and a 200-day moving average price of $194.75. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The company has a market cap of $723.25 billion, a price-to-earnings ratio of 57.85, a price-to-earnings-growth ratio of 6.08 and a beta of 2.29. Tesla has a one year low of $138.80 and a one year high of $273.93.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.10). The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. Analysts anticipate that Tesla will post 1.75 earnings per share for the current year.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at $14,967,479.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Robyn M. Denholm sold 66,364 shares of the firm's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. The disclosure for this sale can be found here. Company insiders own 25.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank & Trust Co bought a new position in Tesla in the 2nd quarter valued at approximately $25,000. Abich Financial Wealth Management LLC raised its holdings in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after buying an additional 81 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in Tesla in the 2nd quarter valued at approximately $26,000. OLD Point Trust & Financial Services N A bought a new position in Tesla in the 4th quarter valued at approximately $37,000. Finally, Guardian Wealth Management Inc. bought a new position in Tesla during the 4th quarter worth approximately $47,000. Institutional investors own 66.20% of the company's stock.

About Tesla

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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.