Published: Wed, April 11, 2018
Sci-tech | By Spencer Schmidt

Goldman Sachs: Tesla Inc (TSLA) Is Still A Sell In Our Eyes

Goldman Sachs: Tesla Inc (TSLA) Is Still A Sell In Our Eyes

The firm earned "Buy" rating on Wednesday, October 25 by Robert W. Baird. As per Monday, August 29, the company rating was maintained by Suntrust Robinson. The company has an average rating of "Hold" and a consensus price target of $305.02. Tesla Motors has a consensus rating of "Hold" and a consensus target price of $248.24. Loop Capital maintained the shares of DIS in report on Wednesday, January 31 with "Hold" rating. The company was maintained on Monday, July 10 by Wells Fargo.

Investors sentiment decreased to 1.05 in 2017 Q4.

The oil and gas giant has partnered with Tesla for the project, which will see a 212kW/840kWh battery unit installed at the 25MW Titan 1 Wind Farm, which is owned by BP Wind Energy subsidiary Rolling Thunder 1 Power Partners.

Tesla Inc shares were trading at $306.18 per share on Tuesday afternoon, up $16.52 (+5.70%). During the same period in the previous year, the company earned ($0.69) EPS. sell-side analysts forecast that Tesla, Inc. will post -15.15 EPS for the current year. Athena Advsr Limited Company holds 0.08% or 1,020 shares in its portfolio. Amer Century has invested 0.2% in Tesla, Inc.

BP says TSLA will supply the 212 KW battery at its Titan 1 wind farm in South Dakota in H2 of this year, to be used to store electricity and meet demands when the wind is not blowing. (NASDAQ:TSLA). Glg Ltd Liability Company, New York-based fund reported 6,400 shares. Wealthtrust has 0.04% invested in Tesla, Inc. (NASDAQ:TSLA). First Personal Fincl reported 0% in Tesla, Inc. (NASDAQ:TSLA). Lenox Wealth has invested 0.01% in Tesla, Inc. Asset Management Incorporated holds 0.15% or 13,606 shares in its portfolio. Institutional investors and hedge funds own 53.00% of the company's stock. Catawba Capital Mgmt Va invested in 0.21% or 2,935 shares. Patriot Wealth Management has 35,633 shares. Spectrum Mgmt Gru invested 0.01% of its portfolio in Tesla, Inc.

Among 39 analysts covering The Walt Disney Company (NYSE:DIS), 24 have Buy rating, 3 Sell and 12 Hold. Therefore 30% are positive. Vertical Group began coverage on Tesla in a research note on Tuesday. Tesla Motors had 42 analyst reports since October 16, 2017 according to SRatingsIntel. Of all stocks tracked, Tesla had the 19th highest net out-flow for the day. It also upped Wayside Technology Group Inc (NASDAQ:WSTG) stake by 624 shares and now owns 83,065 shares.

Several brokerages have recently issued reports on TSLA. The stock has "Buy" rating by Piper Jaffray on Wednesday, February 7. Lagoda Inv Mgmt Lp has invested 4.61% in Tesla, Inc. The firm has "Sell" rating by Jefferies given on Monday, October 23. The firm has "Sell" rating given on Thursday, February 8 by Barclays Capital. ValuEngine lowered shares of Tesla from a "hold" rating to a "sell" rating in a research note on Monday, April 2nd. The stock increased 5.20% or $15.05 during the last trading session, reaching $304.71.

On 3/16/2018 John Douglas Field, VP, sold 1,000 with an average share price of $321.41 per share and the total transaction amounting to $321,410.00. Rogers Communications Inc. (RCI) has risen 1.45% since April 10, 2017 and is uptrending. It has underperformed by 8.23% the S&P500.

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The firm bought 1,350 shares of the electric vehicle producer's stock, valued at approximately $420,000. Northern invested in 0.07% or 844,075 shares. Bamco Inc. NY now owns 1,612,051 shares of the electric vehicle producer's stock worth $501,912,000 after acquiring an additional 10,040 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: "Investors Sell Tesla (TSLA) on Strength After Insider Selling" was originally published by Enterprise Leader and is the sole property of of Enterprise Leader. Cascend Securities downgraded Tesla, Inc. The company has market cap of $22.96 billion.

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