Shares of The Lion Electric Company (TSE:LEV – Get Free Report) have received an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$0.82.
Several brokerages have weighed in on LEV. National Bankshares cut their price target on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating on the stock in a research report on Thursday, August 1st. Roth Capital cut Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. CIBC dropped their target price on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. B. Riley upgraded Lion Electric to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, DA Davidson cut Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th.
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Lion Electric Stock Performance
Lion Electric (TSE:LEV – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C($0.25) earnings per share for the quarter, missing the consensus estimate of C($0.17) by C($0.08). The company had revenue of C$41.43 million for the quarter, compared to analyst estimates of C$84.15 million. Lion Electric had a negative return on equity of 31.53% and a negative net margin of 51.81%. As a group, research analysts expect that Lion Electric will post -0.48 earnings per share for the current year.
About Lion Electric
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.
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