Analysts adjusted their ratings on Tesla Motors Inc (TSLA), Match Group Inc (MTCH), and Seadrill Ltd (SDRL)
Analysts are weighing in today on electric car maker Tesla Motors Inc (NASDAQ:TSLA), online dating interest Match Group Inc (NASDAQ:MTCH), and energy concern Seadrill Ltd (NYSE:SDRL). Here's a quick roundup of today's brokerage notes on TSLA, MTCH, and SDRL.
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TSLA is down 0.2% at $216.49, after JMP Securities initiated coverage on the stock with a "market perform" rating. Skeptical analyst ratings on TSLA outnumber bullish endorsements by two to one, and short sellers have also been making some bearish bets lately as other car companies race to launch their versions of the "Tesla killer." Plus, call buying has cooled off on Tesla Motors Inc in recent sessions. Since last Tuesday, the stock's 10-day call/put volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) has tumbled to 1.05 from 1.20, indicating a drop-off in call buying relative to put buying.
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MTCH is trading 2% lower at $13.57, after no fewer than seven different brokerages initiated coverage on the market newcomer. Five of those firms called MTCH a "buy," but JPMorgan Securities doled out a "hold," and Goldman Sachs slapped the stock with a "sell." Match Group Inc. is up 13.1% from its Nov. 19 initial public offering (IPO) price of $12, and has attracted a wide variety of analyst opinions in the weeks since. In terms of options -- which began trading on MTCH two weeks ago -- calls are currently the preference among traders, with about 1.5 bought to open for each put thus far, according to data from the ISE, CBOE, and PHLX.
- Fresh off a new all-time low of $3.87, SDRL was last seen 3.9% lower at $4.00, after KLR initiated coverage with a "reduce" rating and a price target of $3.50 -- in never-before-seen low territory. Plus, Scotia Howard Weil cut its price target on the stock to $8 from 10. Seadrill Ltd. has given up nearly three-fourths of its value since hitting an annual high in May. These losses have earned the stock plenty of downgrades from analysts, and a slew of bearish attention from traders. At the ISE, CBOE, and PHLX, SDRL's 10-day put/call volume ratio of 4.23 -- indicating more than four puts bought to open for each call over the last two weeks -- is in the 100th annual percentile. This means options traders on these exchanges have not been more pessimistic at any time in the last 52 weeks.
For other stocks in analysts' crosshairs, read
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