Lazard Capital Markets Downgrades Tesla Motors to Neutral (TSLA)

Tesla Motors (NASDAQ:TSLA) was downgraded by stock analysts at Lazard Capital Markets from a “buy” rating to a “neutral” rating in a report issued on Monday, reports. They currently have a $100.00 price objective on the stock. Lazard Capital Markets’ target price points to a potential downside of 34.64% from the stock’s previous close. The analysts noted that the move was a valuation call.

Tesla Motors (NASDAQ:TSLA) traded down 2.39% on Monday, hitting $149.35. Tesla Motors has a 1-year low of $26.86 and a 1-year high of $158.88. The stock’s 50-day moving average is currently $123.8. The company’s market cap is $17.652 billion.

Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.36. The company had revenue of $405.10 million for the quarter, compared to the consensus estimate of $393.40 million. During the same quarter last year, the company posted ($0.89) earnings per share. Tesla Motors’s revenue was up 1417.2% compared to the same quarter last year. Analysts expect that Tesla Motors will post $0.15 EPS for the current fiscal year.

TSLA has been the subject of a number of other recent research reports. Analysts at Morgan Stanley raised their price target on shares of Tesla Motors from $109.00 to $149.00 in a research note to investors on Friday. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Tesla Motors in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Tesla Motors from $84.00 to $94.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock.

Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $128.95.

Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.

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