Brokerages Set The Lion Electric Company (NYSE:LEV) Target Price at $1.52

Shares of The Lion Electric Company (NYSE:LEV) have been given an average rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $1.52.

LEV has been the subject of a number of research reports. DA Davidson reissued a “neutral” rating and issued a $1.00 price target (down from $1.50) on shares of Lion Electric in a research report on Monday, August 12th. Roth Capital cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Lion Electric during the second quarter worth about $40,000. Cubist Systematic Strategies LLC acquired a new position in shares of Lion Electric during the second quarter worth about $62,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Lion Electric by 14.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company’s stock worth $341,000 after acquiring an additional 30,050 shares during the period. 52.73% of the stock is currently owned by institutional investors and hedge funds.

Lion Electric Price Performance

Lion Electric stock opened at $0.62 on Friday. The stock has a market cap of $140.03 million, a P/E ratio of -1.26 and a beta of 2.14. The company has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $0.84. Lion Electric has a 12-month low of $0.53 and a 12-month high of $1.99. The company has a current ratio of 2.49, a quick ratio of 0.53 and a debt-to-equity ratio of 0.82.

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