Economy

Morgan Stanley Reaffirms "Hold" Rating for Tesla Inc. (TSLA)

Morgan Stanley Reaffirms

Jasper Ridge Partners L.P. lifted its holdings in Tesla Inc.

Tesla Motors, Inc. (TSLA)'s RSI (Relative strength index) is at 46.89, its ATR (Average True Range) value is 9.34, while its Beta factor was calculated at 1.04. Analyst's mean target price for TSLA is $317.29 while analysts mean recommendation is 2.70. Utah Retirement Systems' holdings in Tesla were worth $8,608,000 as of its most recent SEC filing. It increased, as 74 investors sold TSLA shares while 105 reduced holdings.

Morgan Stanley reiterated their hold rating on shares of Tesla Inc. Cypress Capital Management Llc (Wy) reported 100 shares stake. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer's stock worth $109,000 after purchasing an additional 364 shares in the last quarter. Nations Financial Group Inc. Winfield Associates Inc. boosted its position in shares of Tesla by 85.2% in the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer's stock worth $122,000 after purchasing an additional 9 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Tesla by 10.8% in the first quarter. Following the transaction, the insider now directly owns 359,655 shares of the company's stock, valued at $68,629,367.10. If you are viewing this news story on another domain, it was illegally copied and republished in violation of USA and worldwide copyright & trademark laws. If you are accessing this piece on another website, it was illegally copied and reposted in violation of global trademark & copyright legislation. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/morgan-stanley-reaffirms-hold-rating-for-tesla-inc-tsla/1620712.html.

Several research firms recently weighed in on TSLA. Robert W. Baird reissued an "outperform" rating and issued a $368.00 price objective on shares of Tesla in a research report on Tuesday, June 20th. Argus upgraded shares of Tesla from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $355.17 to $444.00 in a research report on Tuesday, August 8th. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. The rating was downgraded by Goldman Sachs on Thursday, October 6 to "Neutral". Citigroup Inc. reaffirmed an "underweight" rating on shares of Tesla Motors in a research report on Friday, October 21st.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.7 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The price now stands at $356.77.

In other Tesla Motors news, insider Jeffrey B. Straubel sold 33,430 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Antonio J. Gracias sold 5,600 shares of the stock in a transaction on Wednesday, January 25th. (NYSE:AMC)'s stock on Friday traded at beginning with a price of $13.50 and when day-trade ended the stock finally plunged -3.26% to reach at $13.35. The disclosure for this sale can be found here. Amer Century Inc holds 0.15% in Tesla Inc (NASDAQ:TSLA) or 641,590 shares. 3,590,078 shares of the stock were exchanged.

Over the past 50 days, Tesla, Inc. stock was -3.92% off of the high and 17.70% removed from the low. The firm's market capitalization is $57.31 billion. The stock stands 4.25% away from its 50-day simple moving average and 22.41% away from the 200-day average.

Tesla Motors (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 26th. These analysts have also projected a Low Estimate of $-2.8/share and a High Estimate of $-1.26/share. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. TSLA generated revenue of $2.74 Billion in the same quarter, one year ago. The institutional investor held 25,688 shares of the capital goods company at the end of 2016Q4, valued at $5.49M, up from 496 at the end of the previous reported quarter.

Quarterly Revenue Growth on year-over-year basis stands at 119.7 percent. Comparatively, TSLA posted earnings of $0.29 per share in the same quarter, a year earlier. Over the past twelve months, Tesla, Inc. The Company operates through two segments: Automotive, and Energy generation and storage.



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