Tesla Motors Coverage Initiated by Analysts at Pacific Crest (TSLA)

Share on StockTwits

Equities researchers at Pacific Crest initiated coverage on shares of Tesla Motors (NASDAQ:TSLA) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $316.00 price target on the stock. Pacific Crest’s price objective points to a potential upside of 26.94% from the company’s current price.

In other Tesla Motors news, Director Kimbal Musk sold 4,287 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $234.46, for a total value of $1,005,130.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of other firms have also recently commented on TSLA. Analysts at JPMorgan Chase & Co. raised their price target on shares of Tesla Motors from $163.00 to $170.00 in a research note on Friday, August 1st. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley reiterated a “buy” rating on shares of Tesla Motors in a research note on Wednesday, July 30th. Finally, analysts at Zacks downgraded shares of Tesla Motors from an “outperform” rating to an “underperform” rating in a research note on Wednesday, July 2nd. They now have a $218.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $222.00.

Shares of Tesla Motors (NASDAQ:TSLA) opened at 248.9301 on Tuesday. Tesla Motors has a 52-week low of $116.10 and a 52-week high of $265.00. The stock’s 50-day moving average is $227.8 and its 200-day moving average is $213.4. The company’s market cap is $30.930 billion.

Tesla Motors (NASDAQ:TSLA) last announced its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.07. The company had revenue of $857.50 million for the quarter, compared to the consensus estimate of $810.57 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 55.3% on a year-over-year basis. On average, analysts predict that Tesla Motors will post $1.11 earnings per share for the current fiscal year.

Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.

The Fly On The Wall

Receive News & Ratings for Tesla Motors Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Yahoo Up After Reaping Riches from Alibaba
Yahoo Up After Reaping Riches from Alibaba
Economy in China Grows at Five-Year Low
Economy in China Grows at Five-Year Low
Philips Announced Spinoff on Track but Posts Loss
Philips Announced Spinoff on Track but Posts Loss
Honeywell Profit Passes Forecast, Seeking Deals
Honeywell Profit Passes Forecast, Seeking Deals
Amazon Now Has Grocery Delivery in Brooklyn
Amazon Now Has Grocery Delivery in Brooklyn
Google Disappoints on Slowdown of Advertising Growth
Google Disappoints on Slowdown of Advertising Growth


Leave a Reply

Advertisement
Advertisement
© 2006-2014 Ticker Report. Google+.