S&P Equity Research upgraded shares of Tesla Motors (NASDAQ:TSLA) from a sell rating to a neutral rating in a report released on Wednesday, AR Network reports. S&P Equity Research currently has $130.00 price objective on the stock.
Tesla Motors (NASDAQ:TSLA) opened at 126.94 on Wednesday. Tesla Motors has a 52 week low of $32.11 and a 52 week high of $194.50. The stock’s 50-day moving average is $154.1 and its 200-day moving average is $138.9. The company’s market cap is $15.562 billion.
Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.01. The company had revenue of $431.35 million for the quarter, compared to the consensus estimate of $535.41 million. During the same quarter in the prior year, the company posted ($0.92) earnings per share. The company’s quarterly revenue was up 760.9% on a year-over-year basis. On average, analysts predict that Tesla Motors will post $0.58 earnings per share for the current fiscal year.
TSLA has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a buy rating on shares of Tesla Motors in a research note to investors on Wednesday. They now have a $200.00 price target on the stock. Separately, analysts at Bank of America Corp. reiterated an underperform rating on shares of Tesla Motors in a research note to investors on Wednesday. They now have a $45.00 price target on the stock. Finally, analysts at TheStreet reiterated a sell rating on shares of Tesla Motors in a research note to investors on Tuesday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and an average price target of $148.28.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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