This analysis of Wall Street stock ratings is sounding a warning for Tesla and 62 other stocks

By Philip van Doorn, MarketWatch

Bloomberg

The Tesla Gigafactory construction site in Gruenheide, Germany. After an amazing run for the electric-vehicle pioneer's stock, there are more Wall Street analysts rating the shares a 'sell' than a 'buy.'

In the financial media, “Wall Street” typically means U.S. brokerage firms and often the analysts who work for them. They are known as “sell-side analysts.” They work independently of the firms’ sales teams, but there’s no question that Wall Street’s job is to sell stocks. So when you see a high level of “sell” ratings on a stock, take heed.

Tesla Inc. /zigman2/quotes/203558040/lastsale TSLA +4.21%  is the poster child for high-flying stocks during this pandemic year. The electric-car company’s shares are up 435% this year and 891% in the past 12 months. And as the shares have shot up, many analysts have continually increased their price targets.

But not all of them have kept doing so. And now, among 37 sell-side analysts polled by FactSet, eight rate the shares the equivalent of a “buy,” while 11 rate them the equivalent of a “sell.” The shares closed at $447.37 on Sept. 2. The consensus price target among those analysts is $284.97, implying 36% downside for the shares.

Tesla is not yet included in the benchmark S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.56% , although it is expected to be added soon. It is rare for any S&P 500 stock to have majority “sell” ratings, and none do at this time. But a quick look shows 33 stocks with “sell” ratings outweighing “buy” ratings.

Expanding to the Russell 1000 Index /zigman2/quotes/210598144/delayed RUI +0.51%  of the largest 1,000 publicly traded companies listed in the U.S. by market capitalization (including Tesla and subject to changes when stocks plunge), there are four companies with majority “sell” ratings.

Among the Russell 1000, there are 63 companies with “sell” ratings outweighing “buy” ratings. Here they are, sorted by market capitalization:

/zigman2/quotes/203558040/lastsale

Add to watchlist TSLA

Tesla Inc.

US : U.S.: Nasdaq

$ 234.02

+9.45 +4.21%

Volume: 135.09M

June 8, 2023 3:36p

P/E Ratio

68.73

Dividend Yield

N/A

Market Cap

$711.78 billion

Rev. per Employee

$672,911

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,291.48

+23.96 +0.56%

Volume: 0.00

June 8, 2023 3:36p

/zigman2/quotes/210598144/delayed

Add to watchlist RUI

Russell 1000 Index

US : US Composite

2,350.41

+11.89 +0.51%

Volume: 2.73M

June 8, 2023 3:21p

/zigman2/quotes/203558040/lastsale

Add to watchlist TSLA

Tesla Inc.

US : U.S.: Nasdaq

$ 234.02

+9.45 +4.21%

Volume: 135.09M

June 8, 2023 3:36p

P/E Ratio

68.73

Dividend Yield

N/A

Market Cap

$711.78 billion

Rev. per Employee

$672,911

/zigman2/quotes/204455864/composite

Add to watchlist XOM

Exxon Mobil Corp.

US : U.S.: NYSE

$ 107.88

-0.66 -0.60%

Volume: 9.44M

June 8, 2023 3:35p

P/E Ratio

7.31

Dividend Yield

3.37%

Market Cap

$438.79 billion

Rev. per Employee

$6.34M

/zigman2/quotes/208031922/composite

Add to watchlist ITW

Illinois Tool Works Inc.

US : U.S.: NYSE

$ 236.93

+0.49 +0.21%

Volume: 531,290

June 8, 2023 3:35p

P/E Ratio

23.65

Dividend Yield

2.22%

Market Cap

$71.85 billion

Rev. per Employee

$348,087

/zigman2/quotes/202279720/composite

Add to watchlist PSA

Public Storage

US : U.S.: NYSE

$ 290.59

-1.29 -0.44%

Volume: 404,348

June 8, 2023 3:35p

P/E Ratio

12.32

Dividend Yield

4.14%

Market Cap

$51.31 billion

Rev. per Employee

$730,232

/zigman2/quotes/205202467/composite

Add to watchlist SCCO

Southern Copper Corp.

US : U.S.: NYSE

$ 71.93

+0.44 +0.62%

Volume: 351,416

June 8, 2023 3:34p

P/E Ratio

20.88

Dividend Yield

4.51%

Market Cap

$55.27 billion

Rev. per Employee

$671,061

/zigman2/quotes/203410933/composite

Add to watchlist WBA

Walgreens Boots Alliance Inc.

US : U.S.: Nasdaq

$ 31.79

-0.15 -0.45%

Volume: 3.04M

June 8, 2023 3:35p

P/E Ratio

N/A

Dividend Yield

6.04%

Market Cap

$27.55 billion

Rev. per Employee

$410,123

/zigman2/quotes/207419035/composite

Add to watchlist WEC

WEC Energy Group Inc.

US : U.S.: NYSE

$ 90.09

+0.60 +0.68%

Volume: 892,384

June 8, 2023 3:36p

P/E Ratio

21.08

Dividend Yield

3.47%

Market Cap

$28.23 billion

Rev. per Employee

$1.36M

/zigman2/quotes/202030365/composite

Add to watchlist PAYX

Paychex Inc.

US : U.S.: Nasdaq

$ 111.10

-0.81 -0.72%

Volume: 914,974

June 8, 2023 3:35p

P/E Ratio

26.79

Dividend Yield

3.20%

Market Cap

$40.34 billion

Rev. per Employee

$307,612

/zigman2/quotes/209170265/composite

Add to watchlist HRL

Hormel Foods Corp.

US : U.S.: NYSE

$ 40.66

+0.29 +0.71%

Volume: 968,660

June 8, 2023 3:36p

P/E Ratio

23.88

Dividend Yield

2.71%

Market Cap

$22.05 billion

Rev. per Employee

$613,326

/zigman2/quotes/204675483/composite

Add to watchlist RMD

ResMed Inc.

US : U.S.: NYSE

$ 214.53

-0.24 -0.11%

Volume: 294,075

June 8, 2023 3:35p

P/E Ratio

36.53

Dividend Yield

0.82%

Market Cap

$31.56 billion

Rev. per Employee

$492,117

/zigman2/quotes/206739653/composite

Add to watchlist MKC

McCormick & Co. Inc.

US : U.S.: NYSE

$ 90.26

-0.49 -0.54%

Volume: 447,204

June 8, 2023 3:36p

P/E Ratio

36.50

Dividend Yield

1.73%

Market Cap

$24.33 billion

Rev. per Employee

$450,254

/zigman2/quotes/209253695/composite

Add to watchlist BF.B

Brown-Forman Corp. Cl B

US : U.S.: NYSE

$ 65.43

+0.66 +1.02%

Volume: 843,339

June 8, 2023 3:35p

P/E Ratio

40.14

Dividend Yield

1.26%

Market Cap

$31.30 billion

Rev. per Employee

$813,077

/zigman2/quotes/207137172/composite

Add to watchlist ED

Consolidated Edison Inc.

US : U.S.: NYSE

$ 93.99

+0.45 +0.48%

Volume: 840,660

June 8, 2023 3:35p

P/E Ratio

13.37

Dividend Yield

3.45%

Market Cap

$32.42 billion

Rev. per Employee

$1.12M

/zigman2/quotes/208535486/composite

Add to watchlist MTD

Mettler-Toledo International Inc.

US : U.S.: NYSE

$ 1,296.61

-31.03 -2.34%

Volume: 90,314

June 8, 2023 3:34p

P/E Ratio

32.89

Dividend Yield

N/A

Market Cap

$29.23 billion

Rev. per Employee

$219,481

/zigman2/quotes/205190279/composite

Add to watchlist EQR

Equity Residential

US : U.S.: NYSE

$ 65.23

+0.43 +0.66%

Volume: 596,773

June 8, 2023 3:35p

P/E Ratio

26.84

Dividend Yield

4.07%

Market Cap

$25.36 billion

Rev. per Employee

$1.16M

/zigman2/quotes/203110734/composite

Add to watchlist EXPD

Expeditors International of Washington Inc.

US : U.S.: Nasdaq

$ 116.28

-0.55 -0.47%

Volume: 615,920

June 8, 2023 3:35p

P/E Ratio

15.20

Dividend Yield

1.19%

Market Cap

$17.85 billion

Rev. per Employee

$753,748

/zigman2/quotes/201653155/composite

Add to watchlist AGR

Avangrid Inc.

US : U.S.: NYSE

$ 38.58

-0.31 -0.78%

Volume: 203,214

June 8, 2023 3:36p

P/E Ratio

21.90

Dividend Yield

4.57%

Market Cap

$15.03 billion

Rev. per Employee

$1.18M

/zigman2/quotes/203835894/composite

Add to watchlist SJM

J.M. Smucker Co.

US : U.S.: NYSE

$ 150.36

+1.93 +1.30%

Volume: 717,414

June 8, 2023 3:35p

P/E Ratio

N/A

Dividend Yield

2.71%

Market Cap

$15.83 billion

Rev. per Employee

$1.27M

/zigman2/quotes/204586719/composite

Add to watchlist FDS

FactSet Research Systems Inc.

US : U.S.: NYSE

$ 404.51

+6.96 +1.75%

Volume: 143,972

June 8, 2023 3:35p

P/E Ratio

35.12

Dividend Yield

0.97%

Market Cap

$15.23 billion

Rev. per Employee

$179,233

/zigman2/quotes/205633949/composite

Add to watchlist WAT

Waters Corp.

US : U.S.: NYSE

$ 251.16

-5.98 -2.33%

Volume: 351,115

June 8, 2023 3:35p

P/E Ratio

21.87

Dividend Yield

N/A

Market Cap

$15.18 billion

Rev. per Employee

$361,714

/zigman2/quotes/203490767/composite

Add to watchlist CHRW

C.H. Robinson Worldwide Inc.

US : U.S.: Nasdaq

$ 91.23

-0.67 -0.73%

Volume: 550,860

June 8, 2023 3:35p

P/E Ratio

14.72

Dividend Yield

2.67%

Market Cap

$10.70 billion

Rev. per Employee

$1.29M

/zigman2/quotes/201857446/composite

Add to watchlist JKHY

Jack Henry & Associates Inc.

US : U.S.: Nasdaq

$ 156.23

+0.02 +0.01%

Volume: 199,695

June 8, 2023 3:36p

P/E Ratio

32.65

Dividend Yield

1.33%

Market Cap

$11.38 billion

Rev. per Employee

$295,858

/zigman2/quotes/200934117/composite

Add to watchlist CGNX

Cognex Corp.

US : U.S.: Nasdaq

$ 55.68

-0.13 -0.23%

Volume: 345,425

June 8, 2023 3:35p

P/E Ratio

55.61

Dividend Yield

0.50%

Market Cap

$9.63 billion

Rev. per Employee

$378,864

/zigman2/quotes/209049280/composite

Add to watchlist BF.A

Brown-Forman Corp. Cl A

US : U.S.: NYSE

$ 66.97

+0.67 +1.01%

Volume: 46,806

June 8, 2023 3:34p

P/E Ratio

41.00

Dividend Yield

1.23%

Market Cap

$31.30 billion

Rev. per Employee

$813,077

/zigman2/quotes/202360275/composite

Add to watchlist UI

Ubiquiti Inc.

US : U.S.: NYSE

$ 168.46

-1.88 -1.10%

Volume: 57,855

June 8, 2023 3:30p

P/E Ratio

25.71

Dividend Yield

1.42%

Market Cap

$10.30 billion

Rev. per Employee

$1.37M

/zigman2/quotes/209996569/composite

Add to watchlist OMC

Omnicom Group Inc.

US : U.S.: NYSE

$ 94.23

+0.13 +0.14%

Volume: 648,850

June 8, 2023 3:35p

P/E Ratio

14.15

Dividend Yield

2.97%

Market Cap

$18.91 billion

Rev. per Employee

$193,020

/zigman2/quotes/207018272/composite

Add to watchlist OXY

Occidental Petroleum Corp.

US : U.S.: NYSE

$ 59.41

-0.45 -0.75%

Volume: 8.52M

June 8, 2023 3:35p

P/E Ratio

6.82

Dividend Yield

1.21%

Market Cap

$53.54 billion

Rev. per Employee

$2.94M

/zigman2/quotes/201985817/composite

Add to watchlist LII

Lennox International Inc.

US : U.S.: NYSE

$ 305.74

-2.08 -0.68%

Volume: 225,656

June 8, 2023 3:33p

P/E Ratio

21.29

Dividend Yield

1.44%

Market Cap

$10.93 billion

Rev. per Employee

$360,182

/zigman2/quotes/201997162/composite

Add to watchlist BEN

Franklin Resources Inc.

US : U.S.: NYSE

$ 26.11

-0.15 -0.57%

Volume: 1.43M

June 8, 2023 3:35p

P/E Ratio

15.74

Dividend Yield

4.59%

Market Cap

$13.15 billion

Rev. per Employee

$799,490

/zigman2/quotes/202325446/composite

Add to watchlist CCL

Carnival Corp.

US : U.S.: NYSE

$ 12.73

-0.31 -2.34%

Volume: 24.71M

June 8, 2023 3:35p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$16.21 billion

Rev. per Employee

N/A

/zigman2/quotes/206269665/composite

Add to watchlist WU

Western Union Co.

US : U.S.: NYSE

$ 11.82

-0.35 -2.88%

Volume: 2.62M

June 8, 2023 3:35p

P/E Ratio

5.92

Dividend Yield

7.93%

Market Cap

$4.56 billion

Rev. per Employee

$488,843

/zigman2/quotes/207562898/composite

Add to watchlist ALLE

Allegion PLC

US : U.S.: NYSE

$ 113.20

+0.12 +0.11%

Volume: 345,869

June 8, 2023 3:35p

P/E Ratio

20.48

Dividend Yield

1.59%

Market Cap

$9.95 billion

Rev. per Employee

$282,220

/zigman2/quotes/208132014/composite

Add to watchlist CNA

CNA Financial Corp.

US : U.S.: NYSE

$ 39.77

-0.24 -0.60%

Volume: 109,239

June 8, 2023 3:35p

P/E Ratio

12.35

Dividend Yield

4.22%

Market Cap

$10.84 billion

Rev. per Employee

$1.99M

/zigman2/quotes/202815144/composite

Add to watchlist WSO

Watsco Inc.

US : U.S.: NYSE

$ 347.62

-0.82 -0.24%

Volume: 191,188

June 8, 2023 3:35p

P/E Ratio

23.01

Dividend Yield

2.82%

Market Cap

$13.62 billion

Rev. per Employee

$1.00M

/zigman2/quotes/211617595/composite

Add to watchlist BYND

Beyond Meat Inc.

US : U.S.: Nasdaq

$ 13.00

+2.24 +20.82%

Volume: 13.63M

June 8, 2023 3:35p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$691.08 million

Rev. per Employee

$458,578

/zigman2/quotes/206554267/composite

Add to watchlist GPS

Gap Inc.

US : U.S.: NYSE

$ 9.37

+0.0100 +0.11%

Volume: 4.51M

June 8, 2023 3:36p

P/E Ratio

N/A

Dividend Yield

6.42%

Market Cap

$3.45 billion

Rev. per Employee

$162,263

/zigman2/quotes/207195881/composite

Add to watchlist VNO

Vornado Realty Trust

US : U.S.: NYSE

$ 15.42

-0.22 -1.38%

Volume: 3.35M

June 8, 2023 3:35p

P/E Ratio

N/A

Dividend Yield

9.69%

Market Cap

$3.23 billion

Rev. per Employee

$573,359

/zigman2/quotes/200645359/composite

Add to watchlist CACC

Credit Acceptance Corp.

US : U.S.: Nasdaq

$ 501.50

-10.81 -2.11%

Volume: 39,022

June 8, 2023 3:34p

P/E Ratio

15.94

Dividend Yield

N/A

Market Cap

$6.58 billion

Rev. per Employee

$815,004

/zigman2/quotes/209207041/composite

Add to watchlist AAL

American Airlines Group Inc.

US : U.S.: Nasdaq

$ 15.30

+0.14 +0.92%

Volume: 16.82M

June 8, 2023 3:35p

P/E Ratio

6.03

Dividend Yield

0.00%

Market Cap

$9.90 billion

Rev. per Employee

$402,945

/zigman2/quotes/205935939/composite

Add to watchlist CBSH

Commerce Bancshares Inc.

US : U.S.: Nasdaq

$ 51.35

-0.69 -1.33%

Volume: 306,215

June 8, 2023 3:35p

P/E Ratio

13.22

Dividend Yield

2.10%

Market Cap

$6.49 billion

Rev. per Employee

$355,849

/zigman2/quotes/207245846/composite

Add to watchlist CMA

Comerica Inc.

US : U.S.: NYSE

$ 43.37

-0.47 -1.07%

Volume: 2.07M

June 8, 2023 3:35p

P/E Ratio

4.59

Dividend Yield

6.51%

Market Cap

$5.77 billion

Rev. per Employee

$539,155

/zigman2/quotes/200294387/composite

Add to watchlist IVZ

INVESCO Ltd.

US : U.S.: NYSE

$ 16.10

+0.15 +0.97%

Volume: 3.69M

June 8, 2023 3:35p

P/E Ratio

11.72

Dividend Yield

4.97%

Market Cap

$7.30 billion

Rev. per Employee

$676,960

/zigman2/quotes/205933704/composite

Add to watchlist CFR

Cullen/Frost Bankers Inc.

US : U.S.: NYSE

$ 109.75

-0.59 -0.53%

Volume: 266,467

June 8, 2023 3:35p

P/E Ratio

10.99

Dividend Yield

3.17%

Market Cap

$7.11 billion

Rev. per Employee

$433,210

/zigman2/quotes/207968084/composite

Add to watchlist RYN

Rayonier Inc.

US : U.S.: NYSE

$ 30.27

-0.17 -0.56%

Volume: 233,929

June 8, 2023 3:35p

P/E Ratio

51.83

Dividend Yield

3.76%

Market Cap

$4.51 billion

Rev. per Employee

$2.07M

/zigman2/quotes/201169674/composite

Add to watchlist XRX

Xerox Holdings Corp.

US : U.S.: Nasdaq

$ 15.18

-0.20 -1.30%

Volume: 721,385

June 8, 2023 3:35p

P/E Ratio

N/A

Dividend Yield

6.56%

Market Cap

$2.41 billion

Rev. per Employee

$349,171

/zigman2/quotes/208720096/composite

Add to watchlist UNM

Unum Group

US : U.S.: NYSE

$ 45.48

-0.21 -0.46%

Volume: 455,910

June 8, 2023 3:35p

P/E Ratio

6.46

Dividend Yield

2.90%

Market Cap

$9.00 billion

Rev. per Employee

$1.10M

/zigman2/quotes/205538365/composite

Add to watchlist HE

Hawaiian Electric Industries Inc.

US : U.S.: NYSE

$ 38.20

+0.05 +0.13%

Volume: 278,614

June 8, 2023 3:32p

P/E Ratio

18.48

Dividend Yield

3.77%

Market Cap

$4.18 billion

Rev. per Employee

$1.03M

/zigman2/quotes/208787863/composite

Add to watchlist AM

Antero Midstream Corp.

US : U.S.: NYSE

$ 10.95

-0.04 -0.36%

Volume: 703,207

June 8, 2023 3:35p

P/E Ratio

15.83

Dividend Yield

8.23%

Market Cap

$5.27 billion

Rev. per Employee

$1.76M

/zigman2/quotes/205830158/composite

Add to watchlist BHF

Brighthouse Financial Inc.

US : U.S.: Nasdaq

$ 44.59

-0.90 -1.98%

Volume: 212,917

June 8, 2023 3:35p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.04 billion

Rev. per Employee

$5.65M

/zigman2/quotes/200055247/composite

Add to watchlist TDC

Teradata Corp.

US : U.S.: NYSE

$ 48.79

+1.08 +2.26%

Volume: 389,687

June 8, 2023 3:35p

P/E Ratio

138.04

Dividend Yield

N/A

Market Cap

$4.82 billion

Rev. per Employee

$253,571

/zigman2/quotes/200837562/composite

Add to watchlist MCY

Mercury General Corp.

US : U.S.: NYSE

$ 30.91

-0.38 -1.21%

Volume: 69,254

June 8, 2023 3:34p

P/E Ratio

N/A

Dividend Yield

4.11%

Market Cap

$1.73 billion

Rev. per Employee

$917,252

/zigman2/quotes/205634303/composite

Add to watchlist TRN

Trinity Industries Inc.

US : U.S.: NYSE

$ 23.06

-0.51 -2.16%

Volume: 309,301

June 8, 2023 3:34p

P/E Ratio

27.60

Dividend Yield

4.50%

Market Cap

$1.91 billion

Rev. per Employee

$232,914

/zigman2/quotes/203902116/composite

Add to watchlist JWN

Nordstrom Inc.

US : U.S.: NYSE

$ 19.22

-0.20 -1.06%

Volume: 3.52M

June 8, 2023 3:35p

P/E Ratio

175.50

Dividend Yield

3.95%

Market Cap

$3.13 billion

Rev. per Employee

$252,350

/zigman2/quotes/208830686/composite

Add to watchlist PK

Park Hotels & Resorts Inc.

US : U.S.: NYSE

$ 14.21

-0.17 -1.15%

Volume: 1.05M

June 8, 2023 3:35p

P/E Ratio

12.77

Dividend Yield

2.95%

Market Cap

$3.10 billion

Rev. per Employee

$29.34M

/zigman2/quotes/200765742/composite

Add to watchlist SABR

Sabre Corp.

US : U.S.: Nasdaq

$ 3.34

-0.11 -3.05%

Volume: 5.74M

June 8, 2023 3:36p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$1.14 billion

Rev. per Employee

$361,185

/zigman2/quotes/209814536/composite

Add to watchlist FHB

First Hawaiian Inc.

US : U.S.: Nasdaq

$ 19.12

-0.36 -1.85%

Volume: 447,638

June 8, 2023 3:35p

P/E Ratio

8.91

Dividend Yield

5.43%

Market Cap

$2.49 billion

Rev. per Employee

$464,254

/zigman2/quotes/205616505/composite

Add to watchlist ASB

Associated Banc-Corp.

US : U.S.: NYSE

$ 16.88

-0.11 -0.68%

Volume: 1.38M

June 8, 2023 3:35p

P/E Ratio

6.67

Dividend Yield

4.98%

Market Cap

$2.56 billion

Rev. per Employee

N/A