Tesla (NASDAQ:TSLA) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Tesla (NASDAQ:TSLA) had its price objective raised by Jefferies Financial Group from $195.00 to $300.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the electric vehicle producer’s stock. Jefferies Financial Group’s price objective suggests a potential downside of 6.46% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $295.00 price objective on shares of Tesla in a research note on Tuesday, September 10th. William Blair started coverage on shares of Tesla in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Wolfe Research assumed coverage on Tesla in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. HSBC reaffirmed a “reduce” rating and issued a $124.00 target price on shares of Tesla in a research report on Friday, October 11th. Finally, Stifel Nicolaus lifted their price objective on Tesla from $265.00 to $287.00 and gave the company a “buy” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $230.18.

Tesla Stock Up 3.1 %

Shares of NASDAQ:TSLA opened at $320.72 on Thursday. Tesla has a 52 week low of $138.80 and a 52 week high of $358.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The company has a market cap of $1.03 trillion, a PE ratio of 87.49, a price-to-earnings-growth ratio of 10.73 and a beta of 2.29. The firm has a 50 day simple moving average of $250.10 and a 200 day simple moving average of $219.58.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that Tesla will post 1.99 earnings per share for the current year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $36,761,200. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 188,797 shares of company stock valued at $57,616,781. 20.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Tesla

Institutional investors have recently modified their holdings of the business. China Universal Asset Management Co. Ltd. raised its stake in Tesla by 0.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after acquiring an additional 331 shares in the last quarter. 1ST Source Bank increased its holdings in shares of Tesla by 88.3% during the first quarter. 1ST Source Bank now owns 1,527 shares of the electric vehicle producer’s stock valued at $268,000 after acquiring an additional 716 shares in the last quarter. M&G Plc bought a new stake in Tesla during the 1st quarter valued at $2,509,000. Pinkerton Retirement Specialists LLC raised its holdings in shares of Tesla by 14.5% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 2,357 shares of the electric vehicle producer’s stock worth $414,000 after acquiring an additional 298 shares during the last quarter. Finally, Cooper Haims Advisors LLC lifted its holdings in shares of Tesla by 24.4% in the first quarter. Cooper Haims Advisors LLC now owns 1,896 shares of the electric vehicle producer’s stock valued at $333,000 after purchasing an additional 372 shares in the last quarter. 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.