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Tesla (TSLA) Price Target Cut to $195.00 by Analysts at Goldman Sachs

11 April, 2018, 17:36 | Author: Kristi Dunn
  • Cohen Klingenstein Cut Its Walt Disney Co (DIS) Holding as Stock Declined; Tesla (TSLA) Share Value Declined While Malaga Cove Capital Has Upped by $327,483 Its Position

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, February 7th.

Goldman Sachs has once again lowered its price target for shares of the electric automaker, citing ongoing production issues that have plagued the company for months. Following the sale, the vice president now owns 1,287 shares of the company's stock, valued at approximately $456,344.46.

Tesla is to supply an energy storage system to BP Wind Energy's operational 25MW Titan 1 wind farm in South Dakota.

For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the objective of comparing a Tesla Motors Inc (NASDAQ:TSLA)'s profitability or to compare the efficiency of different investments, hence, TSLA return on investment (ROI) is -6.50%.

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In other Tesla news, VP Eric Branderiz sold 801 shares of the firm's stock in a transaction dated Wednesday, January 24th. On Monday, October 16 Piper Jaffray maintained the shares of TSLA in report with "Buy" rating. Finally, Opes Advisors Inc purchased a new stake in shares of Tesla during the fourth quarter worth about $212,000. APG Asset Management N.V. now owns 213,861 shares of the electric vehicle producer's stock valued at $55,451,000 after buying an additional 64,712 shares during the period.

A number of equities research analysts have recently commented on the company. Bamco Inc. NY lifted its holdings in shares of Tesla by 0.6% during the 4th quarter. Fourteen investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company's stock. Truewealth LLC acquired a new stake in shares of Tesla during the 4th quarter valued at about $102,000.

Tesla Motors, Inc. has a 52 week low of $141.05 and a 52 week high of $269.34. (NASDAQ:TSLA) for 492,485 shs. The shares were sold at an average price of $300.00, for a total transaction of $562,500.00. The company has a consensus rating of "Hold" and an average price target of $304.44. KeyCorp reissued a hold rating on shares of Tesla in a research report on Wednesday, April 4th. The shares were sold at an average price of $354.58, for a total value of $284,018.58. (NASDAQ:TSLA). Lenox Wealth has invested 0.01% in Tesla, Inc. Richard Bernstein Advsrs Limited Liability Company has 1,307 shares for 0.02% of their portfolio. The electric vehicle producer reported $0.71 EPS for the quarter, topping analysts' consensus estimates of ($0.54) by $1.25. Tesla Motors had a negative return on equity of 29.17% and a negative net margin of 14.74%. The disclosure for this sale can be found here. The company's revenue for the quarter was up 43.9% on a year-over-year basis. analysts predict that Tesla will post -15.15 earnings per share for the current year. 11,024,259 shares of the stock were exchanged, compared to its average volume of 7,345,414. They expect $-4.45 EPS, down 125.89 % or $2.48 from last year's $-1.97 per share. American Century Companies Inc. now owns 655,149 shares of the electric vehicle producer's stock worth $203,981,000 after buying an additional 53,279 shares in the last quarter. If you are viewing this news story on another website, it was illegally stolen and republished in violation of U.S. & worldwide copyright & trademark legislation. If you are reading this piece on another site, it was illegally stolen and reposted in violation of global copyright and trademark law.

The purchase agreement in this connection was signed by the energy storage company with BP Wind Energy's subsidiary Rolling Thunder I Power Partners. The Automotive segment offers sedans and sport utility vehicles.

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