The Lion Electric Company (NYSE:LEV) Receives $1.46 Average Target Price from Brokerages

The Lion Electric Company (NYSE:LEV) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $1.46.

LEV has been the subject of a number of research reports. DA Davidson reiterated a “neutral” rating and issued a $1.00 price objective (down previously from $1.50) on shares of Lion Electric in a report on Monday, August 12th. Roth Capital downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets decreased their price objective on Lion Electric from $0.80 to $0.60 and set a “market perform” rating for the company in a report on Friday, November 8th.

Lion Electric Price Performance

Shares of Lion Electric stock opened at $0.22 on Thursday. The company has a quick ratio of 0.30, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market cap of $49.77 million, a PE ratio of -0.37 and a beta of 2.14. The business has a 50 day moving average of $0.58 and a 200 day moving average of $0.77. Lion Electric has a 52 week low of $0.18 and a 52 week high of $1.99.

Lion Electric (NYSE:LEV) last announced its earnings results on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $30.63 million for the quarter, compared to the consensus estimate of $34.33 million. Lion Electric had a negative net margin of 74.35% and a negative return on equity of 32.42%. During the same quarter in the prior year, the company earned ($0.10) EPS. As a group, equities research analysts forecast that Lion Electric will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On Lion Electric

A number of institutional investors have recently modified their holdings of LEV. Cubist Systematic Strategies LLC purchased a new stake in shares of Lion Electric during the second quarter valued at $62,000. XTX Topco Ltd purchased a new stake in shares of Lion Electric during the second quarter valued at $40,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position 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 valued at $341,000 after buying an additional 30,050 shares during the last quarter. 52.73% of the stock is owned by hedge funds and other institutional investors.

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.