Tesla (TSLA) Receives a Sell from J.P. Morgan

By Carrie Williams

J.P. Morgan analyst Ryan Brinkman maintained a Sell rating on Tesla (TSLAResearch Report) on January 3 and set a price target of $105.00. The company’s shares closed last Monday at $729.77.

According to TipRanks.com, Brinkman has 0 stars on 0-5 stars ranking scale with an average return of -4.4% and a 63.1% success rate. Brinkman covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.

The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $467.39 average price target, which is a -35.0% downside from current levels. In a report issued on December 29, GLJ Research also reiterated a Sell rating on the stock with a $40.00 price target.

See today’s analyst top recommended stocks >>

Tesla’s market cap is currently $668.9B and has a P/E ratio of 1378.30. The company has a Price to Book ratio of 43.13.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.