Published: Fri, March 03, 2017
Research | By Francis Brooks

Deutsche Bank AG Reiterates "Hold" Rating for Tesla Motors, Inc. (TSLA)

They now have a United States dollars 185 price target on the stock.

TSLA has been the topic of several other research reports. Finally, Cable Hill Partners LLC increased its stake in Tesla Motors by 36.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tesla Motors by 21.4% in the third quarter. Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer's stock worth $2,773,818,000 after buying an additional 1,137,759 shares during the last quarter.

Tesla, Inc. (NASDAQ:TSLA) last announced results for quarter ended on 31 Dec 2016, disclosing EPS of $-0.69 The reported earnings per share topped the analyst's consensus by $-0.26 with the percentage difference between estimated and actual earnings arriving at -60.50%. According to their observations and findings, the stock could provide a high EPS of $0.86/share and a Low EPS of $-1.21/share. Finally, Cable Hill Partners LLC boosted its position in shares of Tesla Motors by 36.1% in the third quarter.

Elon Musk, an active Twitter user, has been Tesla Motors Inc (NASDAQ:TSLA)'s mouthpiece to the public, informing them about the electric auto maker's upcoming products and plans. (NASDAQ:TSLA) traded up 0.39% on Friday, hitting $257.00. The company saw 6.07 million shares trade hands over the course of the day. Tesla Motors, Inc. has a 52-week low of $178.19 and a 52-week high of $287.39.

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Second, the research firm is betting that the company's capital expenditure will continue soaring this year as it aims to improve and expand its infrastructure worldwide. The company has a 50-day moving average of $253.82 and a 200-day moving average of $215.53.

For the Current Quarter, the growth estimate for Tesla Motors, 62.8%, while for the Next Quarter the stock growth estimate is 72.7%. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report -0.68 earnings per share. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.33 billion. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. During the same period past year, the firm posted ($0.87) earnings per share. During the same quarter previous year, the company earned ($0.87) EPS. Robert W. Baird restated an "outperform" rating and issued a $338.00 target price on shares of Tesla Motors in a research note on Thursday, January 5th. Morgan Stanley cut their price objective on Tesla Motors from $245.00 to $242.00 and set an equal weight rating for the company in a report on Wednesday, November 23rd. J P Morgan Chase & Co reaffirmed an underweight rating on shares of Tesla Motors in a research report on Saturday, January 21st. The correct version of this news story can be accessed at Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). PEP right now sits at consensus rating of 2.10 while 10 analysts have advocated the shares as "BUY", 4 calls it an "OUTPERFORM" and 7 suggest "HOLD". Following the completion of the sale, the director now owns 5,600 shares in the company, valued at approximately $1,424,472. 14 Insider Sales transactions were made totaling 104149 shares traded. Following the transaction, the vice president now directly owns 15,433 shares of the company's stock, valued at approximately $3,528,138.13. The disclosure for this sale can be found here.

The Company now has Insider ownership of 0.3 Percent and Institutional Ownership of 64.6 Percent.

Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). In addition to developing its own vehicles, it sells energy storage products.

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