Tesla (NASDAQ:TSLA) Stock Rating Reaffirmed by Mizuho

Mizuho reaffirmed their neutral rating on shares of Tesla (NASDAQ:TSLA) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has a $195.00 target price on the electric vehicle producer’s stock, down from their previous target price of $270.00.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group cut their price target on Tesla from $220.00 to $190.00 and set a neutral rating on the stock in a research note on Monday, March 18th. Guggenheim increased their price target on Tesla from $125.00 to $132.00 and gave the company a sell rating in a research note on Friday, December 15th. Royal Bank of Canada restated an outperform rating and issued a $297.00 price objective on shares of Tesla in a research report on Thursday, February 29th. Canaccord Genuity Group lowered their price objective on shares of Tesla from $267.00 to $234.00 and set a buy rating for the company in a research report on Thursday, January 25th. Finally, Citigroup lowered their price objective on shares of Tesla from $255.00 to $224.00 and set a neutral rating for the company in a research report on Thursday, January 25th. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $204.63.

Tesla Stock Down 2.2 %

NASDAQ:TSLA opened at $175.79 on Monday. The stock’s fifty day moving average price is $187.78 and its two-hundred day moving average price is $222.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The company has a market cap of $559.85 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 4.01 and a beta of 2.41. Tesla has a 52-week low of $152.37 and a 52-week high of $299.29.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS. On average, analysts anticipate that Tesla will post 2.44 EPS for the current year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,598 shares of company stock worth $36,952,434. Insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several hedge funds have recently bought and sold shares of TSLA. Axiom Financial Strategies LLC increased its holdings in shares of Tesla by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after purchasing an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Tesla by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after purchasing an additional 164,789 shares during the period. MAS Advisors LLC increased its holdings in shares of Tesla by 25.7% during the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after purchasing an additional 81 shares during the period. Ergoteles LLC increased its holdings in shares of Tesla by 33.4% during the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after purchasing an additional 893 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Tesla by 6.8% during the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after purchasing an additional 4,593 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.