Tesla (NASDAQ:TSLA) Stock Price Expected to Rise, Mizuho Analyst Says

by · The Cerbat Gem

Tesla (NASDAQ:TSLA – Get Free Report) had its price objective upped by investment analysts at Mizuho from $475.00 to $530.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the electric vehicle producer’s stock. Mizuho’s price target would indicate a potential upside of 12.30% from the company’s previous close.

TSLA has been the subject of several other research reports. Glj Research restated a “sell” rating on shares of Tesla in a report on Wednesday, October 22nd. Benchmark restated a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. Evercore ISI raised their price objective on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Melius assumed coverage on Tesla in a report on Monday, October 13th. They set a “buy” rating and a $520.00 target price for the company. Finally, CICC Research boosted their price objective on Tesla from $360.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $400.86.

View Our Latest Stock Report on TSLA

Tesla Stock Performance

TSLA opened at $471.94 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Tesla has a twelve month low of $214.25 and a twelve month high of $488.54. The business’s 50 day moving average is $435.96 and its 200-day moving average is $377.25. The stock has a market cap of $1.57 trillion, a PE ratio of 314.53, a price-to-earnings-growth ratio of 15.50 and a beta of 1.87.

Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. On average, analysts predict that Tesla will post 2.56 earnings per share for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This trade represents a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Tesla by 0.4% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after acquiring an additional 23 shares in the last quarter. Equita Financial Network Inc. lifted its position in Tesla by 2.8% during the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after acquiring an additional 23 shares during the last quarter. VanderPol Investments L.L.C. grew its stake in shares of Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after acquiring an additional 23 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Tesla by 0.3% during the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after acquiring an additional 23 shares during the period. Finally, Cloud Capital Management LLC boosted its holdings in Tesla by 1.1% in the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

(Get Free Report)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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