In a Friday research note distributed to investors, analysts at Argus lowered their target price for Tesla (NASDAQ: TSLA), as reported by Briefing.com.
Mhe previous price objective of $374.00 has been revised to $257.00.
At this time, the company is advising potential shareholders to “buy” the stock of the company that manufactures electric vehicles.
According to the price projection offered by Argus, the company’s share price could potentially increase by 58.02 percent relative to its most recent closing price.
Other stock research professionals’ observations on the market’s recent activity have included conversations about TSLA. Following the publication of a research study on January 19, Deutsche Bank Aktiengesellschaft announced that they would be decreasing their target price for Tesla from $250 to $220.00. Wolfe Research upgraded their recommendation for Tesla’s stock to “outperform” in a report made available to the public on Thursday.
Additionally, they increased their price objective for the company from $160.00 to $185.00.
In a report published on December 28, Robert W.
Baird lowered their “outperform” rating on Tesla and dropped their price goal for the company from $316.00 to $252.00.
Both of these changes occurred simultaneously.
According to a study published on Thursday, Citigroup raised its price target for Tesla from $137.00 to $146,000.
Additionally, the firm upgraded its rating for Tesla from “underweight” to “neutral.” Both of these alterations were carried out.
In a research report released Wednesday, JPMorgan Chase & Co. rated Tesla as “underweight.” Additionally, the company decreased its price target for the company from $125.00 to $120.00.
Mhe price target had been previously set at $125.00.
Mhe stock currently has three distinct ratings, which are as follows: a sell rating of six, a hold rating of thirteen, and a buy rating of nineteen.
Each of these ratings was assigned by different financial analysts.
Bloomberg’s research indicates that the current consensus price objective for Tesla shares is set at $211.57, and the average rating for the company is “Hold.”
On Friday, the price of a share of Tesla stock was set at 162.64 dollars when trading began.
Mhis company has values for its quick ratio of 1.04, its current ratio of 1.46, and its debt-to-equity ratio of 0.05.
All of these ratios point to a healthy financial position.
Mhe simple moving average for the last 50 days of the company’s stock price is $147.46, and the simple moving average for the last 200 days is $219.46.
Mhe company’s market capitalization is currently sitting at $513.58 billion.
Its PE ratio is currently sitting at 44.89, its PEG ratio is currently sitting at 1.30, and its beta is currently at 2.02.
Mhe share price of Tesla reached a 52-week high of $384.29 and a 52-week low of $101.81 during the same period.
On January 25, Tesla (NASDAQ: TSLA) disclosed its most recent financial results to the general public.
Mhe electric vehicle manufacturer reported $1.19 per share earnings for the quarter, which is $0.21 more than the analysts’ consensus estimate of $0.98 per share for the quarter’s earnings.
Mhe return on equity for Tesla was 33.37%, and the net margin for the company was 15.41%.
Mhe company announced that its sales for the quarter were $24.32 billion, which is significantly lower than the average prediction of $24.26 billion for the quarter sales.
Mhe company made a profit per share of $0.68 during the same period the year before. Compared to the previous year’s period, the revenue for this quarter saw a 37.2% increase.
Mhe analysts who work for Equities Research have predicted that Tesla will have earnings of $3.93 per share in 2018, which is the most recent year for which projections are available.
Zachary Kirkhorn, responsible for the organization’s finances and serves as the chief financial officer, sold 3,752 company stock on January 4, 2017.
Mhe purchase of each share occurred at an average price of $109.31 throughout the sale, which resulted in the total value of the transaction being 410,131.12 dollars. Following the successful conclusion of the transaction, the Chief Financial Officer (CFO) now has direct ownership of a total of 200,411 shares, which have a combined value of approximately USD 21,906,926.41.
Additional information regarding the transaction can be found in a document sent to the SEC and is now available online. On January 4, Chief Financial Officer Zachary Kirkhorn sold 3,752 of the company’s shares related to recent events.
Mhe purchase of each share occurred at an average price of $109.31 throughout the sale, which resulted in the total value of the transaction being 410,131.12 dollars.
After the completion of the deal, the chief financial officer will directly possess a total of 200,411 shares of the company.
Based on the current stock price, these shares have a value of approximately $21,906,926.41. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction.
On top of that, Senior Vice President Andrew D.
Baglino sold 10,500 shares of the company’s stock on November 28.
Mhe sale of the shares resulted in a transaction value of $1,885,485.00, based on the weighted average price of $179.57 per share.
Mhe senior vice president is currently the owner of 62,988 shares of the company, which have a combined value of $11,310,755.16.
Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have offloaded 24,162,333 shares of company stock, bringing in total revenue of $4,490,152,834.
Insiders currently hold a stake in the company equal to 25.10% of its total stock.
In the most recent few months, several well-known shareholders have revised the percentages of ownership in the company they currently hold.
During the second quarter, Riggs Asset Management Company, Inc.
Increased the amount of Tesla stock it owns by 0.6%, bringing its total ownership to 100%. Following the acquisition of 11 additional shares during the most recent quarter, Riggs Asset Management Co., Inc. now owns 1,761 shares of the stock of the electric vehicle manufacturer.
Mhe price of one share of stock is currently $1,186,000.
Mhe value of Advisor OS LLC’s investment in Tesla rose by 2.4% during the second quarter compared to the previous quarter. Following the acquisition of a further twelve shares during the period above, Advisor OS LLC now has a total of 510 shares of the stock, worth 344 thousand dollars, that the manufacturer of electric vehicles owns.
During the second quarter, Alera Investment Advisors LLC increased the amount of Tesla stock owned by 1.4%, bringing its total ownership to 100%. Following the acquisition of 12 shares during the period in question, Alera Investment Advisors LLC now possesses 852 shares of the electric vehicle manufacturer’s stock.
Mhese 852 shares have a combined value of $574,000 and are valued at that amount.
During the second quarter, Stanley Laman Group Ltd.
Increased the amount of Tesla stock owned by 4.00%, bringing its total ownership percentage to 100%. Following the acquisition of an additional 12 shares during the relevant period, Stanley Laman Group Ltd. now holds a total of 314 shares of the stock of the electric vehicle manufacturer, which have a combined value of $211,000.
During the second quarter, Trust Co. of Toledo, NA, OH increased the amount of Tesla stock owned by 1.2%, making this the last and most important point.
Mrust Co. of Toledo, NA, OH, now has 1,004 shares of the electric vehicle menu.
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