The equities researchers of New Street Research have recently upgraded Tesla (NASDAQ: TSLA) to a rating of ‘buy’ from ‘neutral’.
On Tuesday, the company started from $563 with the market cap being $54040 billion. Their lowest in 12 months is $70.10 while the highest is $900.40. Their current, quick, and leverage ratio is $163, 1.63, and 0.63. Their 50 day rolling average is $784.12 while the 200 day is $585.58.
According to their 27th January report, their quarterly EPS earnings was $0.80 that topped the $0.63 consensus estimate by nearly $0.17. They had a 1.97% net margin along with a 4.93% equity return. Their quarterly revenue was $10.70 billion, surpassing the $10.38 billion estimate.
Market Undertakings Of TSLA Stock
BNB Paribas demoted the price objective of TSLA shares to 4340 from 4385 and gave a rating of ‘underperform’. Zacks promoted the rating to ‘strong buy’ from ‘hold’ and assigned it $747. Bernstein reassigned a rating of ‘sell’ and allotted $180. Goldman Sachs decreased the rating to ‘sell’ from ‘neutral’. Royal Canada Bank lifted the rating to ‘sector perform’ from ‘underperform’. The firm has the average ‘hold’ recommendation with a $349.73 price objective.
Andrew Baglino, SVP, sold off 1,500 TSLA shares at $647.68 worth $1,012,020. Zachary Kirkhon, CFO, sold off 1,250 TSLA shares at $628.59 EPS worth $785,737.50. Insiders own 23% of Tesla stock.
Occidental Management upgraded their holdings on TSLA stock by almost 96.7%, owning $1,124,000 worth of shares. Altium Management lifted their stake by roughly 29.5% and own shares priced at $2,468,000. Wealth Advisors promoted their position by approximately 190.3% and own $4,168,000 worth of shares.
Arrowstreet Capital LTD Partnership increased its stake by nearly 23.5%, owning $3,629,000 worth of shares. Sandy Bank promoted its position by roughly 1,259.2% and its own shares priced at $1,044,000. Institutional investors own 41.39% of Tesla stock.
