The Lion Electric Company (TSE:LEV – Get Free Report) has been assigned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$0.82.
LEV has been the subject of a number of research analyst reports. DA Davidson lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, August 12th. Desjardins reduced their price objective on Lion Electric from C$1.50 to C$1.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. National Bankshares decreased their price objective on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating for the company in a research report on Thursday, August 1st. B. Riley upgraded Lion Electric to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, Roth Capital cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st.
Read Our Latest Stock Report on Lion Electric
Lion Electric Price Performance
Lion Electric (TSE:LEV – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C($0.25) EPS for the quarter, missing the consensus estimate of C($0.17) by C($0.08). Lion Electric had a negative net margin of 51.81% and a negative return on equity of 31.53%. The firm had revenue of C$41.43 million during the quarter, compared to analysts’ expectations of C$84.15 million. On average, analysts forecast 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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