Tesla receives a 'buy' rating from different equity firms considering the falling status of the company on the stock index.
Tesla Motors Inc has received a 'buy' rating from Deutsche Bank in a recent research report that the company has released. The analyst company covered the stock of the car making company and a report was released by the firm on Friday 13th March 2015. The smart cars makers have been facing a difficult time in the financial market lately after which the equity firm has decided to declare a buy rating to the shares of the company as according to the firm, it is not advisable for the shareholders to keep their shares in the company considering the falling status in the share price.
Deutsche Bank has covered a few more companies as well in the last few weeks in which it has made coverage on companies like Harley Davidson which has received a 'hold' rating by the equity firm with a decline in price target at $58.00 to $60.00. General Motors Co has also been covered by the bank and has received a 'hold' rating again with an increased price target from $35.00 to $38.00.
Tesla Motors started the day at stock market on Friday, 13th March with share price opening at $188.68. The company has stock with a 50 day moving average estimated by analysts at $200.00 whereas the 200 day moving average of the stock has been declared to be $229 by the financial analysts. The company has a market value of $23.73 billion.
Tesla's stock that has been covered by many different equity firms and has received various ratings from them. Analysts at Dougherty & Co have suggested a 'buy' rating for the shares of the company and have given a price target of $325.00 to the stock. This research note was submitted on Friday 6th March 2015. On the other hand, analysts at Robert W. Baird have decided to give the auto makers a 'buy' rating with a price of $275.00 in a research that they company presented on 5th March 2015. Equity firm Barclays have given Tesla Motors a price target of $190.00 and have granted a 'hold' rating to the stock of the company. As for analysts at financial firm Vetr, the share price has been increased to $265.93 and the stock of the company has been given a 'buy' rating which was previously a 'hold' by the same equity firm.
Tesla Motors announced the earnings for the fourth quarter on 11th February 2015 in which the company reported earnings per share of $0.13.