Tesla Motors Inc (TSLA) gets a positive rating from Robert W. Baird

Posted Jun 16, 2014

Tesla Motors Inc (NASDAQ:TSLA) has received a positive rating on its shares from Robert W. Baird. Tesla opened at $206.42 on Friday. The company saw a one-year low of $95.30 and a one-year high of $265.00. The 50-day moving average is $201.8 and its 200-day moving average is $191.3. Tesla’s market cap is $25.615 billion. 

On May 7th, Tesla released its earning data at $0.12 earnings per share for the quarter and met analysts? consensus estimate of $0.12. Tesla reported revenue of $713 million for the quarter compared to the consensus estimate of $699.10 million.

For the same quarter last year, Tesla posted $0.12 earnings per share. Tesla’s revenue was up 26.9% compared to the same quarter last year. Analysts expect Tesla Motors to post $1.19 EPS for the current fiscal year.

Morgan Stanley analysts reiterated an overweight rating on shares of Tesla Motors in a research note with a price target of $320. JPMorgan Chase & Co. analysts cut their price target of Tesla Motors shares from $164 to $163 in a research note. Goldman Sachs reiterated a neutral rating on shares of Tesla Motors at a $200 price target. Nine investment analysts have rated the stock with a hold rating. Six issued a buy rating and one issued a strong buy rating.

[Source: WatchList]