September 19, 2017

Jefferies analyst Phillippe Houchois set his price target at $280 on Tesla Motors Inc (NASDAQ:TSLA)

Tesla Motors Inc (NASDAQ:TSLA) shares slumped 1% in premarket trade on Tuesday, pulling back from the previous session’s record close, after Jefferies started coverage of the electric car company with a bearish underweight rating, citing concerns over valuation.

Jefferies analyst Phillippe Houchois set his price target at $280, which is 27% below Monday’s record close of $385. He said he doesn’t believe Tesla can deliver gross margin levels that could be consistent with the attractive returns that investors seem to expect, given that product mix is declining faster than battery size and cost, battery manufacturing is set to be a low-margin business and as depreciation is catching up quickly. “It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform,” Houchois wrote in a note to clients.

Tesla Motors Inc (NASDAQ:TSLA)’s stock on Monday traded at beginning with a price of $380.00 and when day-trade ended the stock finally popped up 1.37% to reach at $385.00. Analyst’s mean target price for TSLA is $317.29 while analysts mean recommendation is 2.70. Stock value has moved between $178.24 – 388.89 in last one year.

Analyst’s ratings play a very important role in outlining a stock’s performance. Let us check out how analysts have ranked TSLA based on current scenarios. Stock has got OUTPERFORM rating from 3 analyst(s) whereas last month 3 analyst(s) have given outperform rating. SELL rating has been given by 1 analyst(s) and 4 analyst(s) given BUY rating to the stock. Company fiscal year is ending in December and analysts’ consensus recommendation is Hold for TSLA and estimated EPS for next quarter is $ -2.09 .

Tesla Motors Inc (NASDAQ:TSLA) yearly performance is 87.44% and net profit margin is -7.60%. Annual EPS Growth of past 5 years is -13.10%. The current share price indicates that stock is -0.51% away from its one year high and is moving 116.06% ahead of its 52-week low.

Castle Brands Inc. (NYSE:ROX)‘s stock on Monday traded at beginning with a price of $1.31 and when day-trade ended the stock finally plunged -5.76% to reach at $1.31. Analyst’s mean recommendation is 1.00. Stock value has moved between $0.65 – 2.22 in last one year.

Analyst’s ratings play a very important role in outlining a stock’s performance. Let us check out how analysts have ranked ROX based on current scenarios. Stock has got OUTPERFORM rating from 1 analyst(s) whereas last month 1 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 0 analyst(s) given BUY rating to the stock. Company fiscal year is ending in March and analysts’ consensus recommendation is Outperform for ROX and estimated EPS for next quarter is $ 0.00 .

Castle Brands Inc. (NYSE:ROX) yearly performance is 45.54% and net profit margin is -1.30%. Annual EPS Growth of past 5 years is 37.40%. The current share price indicates that stock is -40.99% away from its one year high and is moving 101.54% ahead of its 52-week low.

On 18 September 2017, Loral Space & Communications Inc. (NASDAQ:LORL) stock price started the day at $46.70 and moved between $46.10 – 47.55 to finally close at $46.85. LORL’s distance from 20 day simple moving average is 6.05% and distance from 50-Day simple moving average is 5.15%. In last 4 months performance of LORL was 11.68% price to book ratio is 6.00.

SM Energy Company (NYSE:SM)‘s stock on Monday traded at beginning with a price of $16.24 and when day-trade ended the stock finally popped up 4.04% to reach at $16.23. Analyst’s mean target price for SM is $25.78 while analysts mean recommendation is 2.30. Stock value has moved between $12.3 – 42.71 in last one year.

Stock has got OUTPERFORM rating from 6 analyst(s) whereas last month 6 analyst(s) have given outperform rating. SELL rating has been given by 0 analyst(s) and 4 analyst(s) given BUY rating to the stock. Company fiscal year is ending in December and analysts’ consensus recommendation is Outperform for SM and estimated EPS for next quarter is $ -0.34 .

SM Energy Company (NYSE:SM) yearly performance is -52.57% and net profit margin is -22.10%. Annual EPS Growth of past 5 years is -38.50%. The current share price indicates that stock is -62.33% away from its one year high and is moving 32.06% ahead of its 52-week low.

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