21 July, 2017
Guggenheim's target price would indicate a potential upside of 30.33% from the company's current price. Manchester Capital Mgmt Ltd reported 0.05% in Tesla Inc (NASDAQ:TSLA). Vetr raised Tesla from a "strong sell" rating to a "sell" rating and set a $335.62 price objective for the company in a research report on Tuesday, June 13th.
Analysts at Citi made a decision to split the difference between bulls and bears on Tesla Inc. stock, initiating their coverage with a neutral rating. Goldman Sachs Group, Inc. (The) set a $180.00 price objective on Tesla and gave the stock a "sell" rating in a research report on Friday, June 30th. Robert W. Baird restated an "outperform" rating and set a $368.00 price target on shares of Tesla in a report on Tuesday, June 20th.
Among 7 analysts covering Del Taco (NASDAQ:TACO), 6 have Buy rating, 0 Sell and 1 Hold. The stock now has a consensus rating of "Hold" and an average target price of $296.39. Whitnell & has 0.01% invested in Tesla Inc (NASDAQ:TSLA) for 100 shares.
Shares of Tesla closed the previous trading session at 325.26 down -2.98 -0.91% with 6,357,014 shares trading hands.
"We're positive on Tesla's position as a vehicle of the Future leader and view the upside case to still be significant, however, we prefer to wait for a better entry point ... a stronger balance sheet, which in our view would more favorably tilt the 12-month risk/reward equation", he added.
During the trading day, the stock price fluctuated between $323.22 and $331.65. J&P China Capital Management Company bought 33,696 shares as the company's stock rose 14.18% with the market.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.67) by $1.30. The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.56 billion. On average, analysts forecast that Tesla Inc. will post ($5.75) earnings per share for the current fiscal year.
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In other news, Director Kimbal Musk sold 2,500 shares of the business's stock in a transaction on Monday, May 1st. 5,600 shares valued at $1.42 million were sold by Gracias Antonio J. on Wednesday, January 25. Following the sale, the director now owns 166,164 shares of the company's stock, valued at approximately $61,095,179.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
In other news, insider Jeffrey B. Straubel sold 109,100 shares of the firm's stock in a transaction dated Tuesday, May 9th. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The disclosure for this sale can be found here. Insiders have sold 242,290 shares of company stock worth $74,919,505 over the last three months.
The stock flirted with bear-market territory in early July, off 19% from the all-time high of $383.45 on June 23. Finally, First Manhattan Co. raised its position in shares of Tesla by 6.0% in the first quarter. Beech Hill Advisors Inc. now owns 3,209 shares of the electric vehicle producer's stock worth $1,160,000 after buying an additional 303 shares during the last quarter.
Jefferies Group Llc, which manages about $17.88 billion US Long portfolio, decreased its stake in Spdr Gold Trust (GLD) by 3.55 million shares to 134,983 shares, valued at $14.80 million in 2016Q4, according to the filing. Eqis Capital Management Inc. now owns 2,515 shares of the electric vehicle producer's stock valued at $700,000 after buying an additional 29 shares during the last quarter. Beech Hill Advisors Inc. increased its stake in shares of Tesla by 10.4% in the second quarter. The fund owned 759 shares of the electric vehicle producer's stock at the end of the second quarter. Nippon Life Insurance accumulated 0.04% or 45,738 shares. It also increased its holding in Walgreens Boots Alliance by 18,800 shares in the quarter, for a total of 20,815 shares, and has risen its stake in Schlumberger (NYSE:SLB). Primecap Management Co. CA now owns 1,215,640 shares of the electric vehicle producer's stock worth $338,313,000 after buying an additional 47,550 shares during the period.