The Lion Electric Company (NYSE:LEV) Receives Average Rating of “Hold” from Analysts

Shares of The Lion Electric Company (NYSE:LEV) have been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $1.52.

Several equities research analysts recently issued reports on LEV shares. DA Davidson reaffirmed a “neutral” rating and set a $1.00 price target (down from $1.50) on shares of Lion Electric in a report on Monday, August 12th. Roth Capital lowered shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, B. Riley raised Lion Electric to a “strong-buy” rating in a report on Tuesday, June 25th.

Institutional Trading of Lion Electric

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Lion Electric by 75.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company’s stock valued at $52,000 after buying an additional 12,712 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Lion Electric by 20.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company’s stock worth $183,000 after acquiring an additional 17,285 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Lion Electric in the fourth quarter worth approximately $28,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Lion Electric by 14.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company’s stock worth $341,000 after purchasing an additional 30,050 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Lion Electric in the 2nd quarter valued at $40,000. 52.73% of the stock is currently owned by institutional investors and hedge funds.

Lion Electric Trading Down 1.7 %

Shares of LEV stock opened at $0.76 on Friday. Lion Electric has a fifty-two week low of $0.53 and a fifty-two week high of $2.27. The stock’s fifty day moving average price is $0.77 and its two-hundred day moving average price is $1.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.53 and a current ratio of 2.49. The company has a market cap of $172.26 million, a PE ratio of -1.55 and a beta of 2.15.

Lion Electric (NYSE:LEV) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The business had revenue of $30.28 million during the quarter, compared to analyst estimates of $61.40 million. Lion Electric had a negative net margin of 51.81% and a negative return on equity of 26.26%. Equities analysts predict that Lion Electric will post -0.42 EPS for the current fiscal year.

Lion Electric Company Profile

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.