The Lion Electric Company (NYSE:LEV) Given Consensus Rating of “Hold” by Brokerages

The Lion Electric Company (NYSE:LEV) has received an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $1.52.

LEV has been the subject of a number of recent research reports. DA Davidson reiterated a “neutral” rating and set a $1.00 price objective (down previously from $1.50) on shares of Lion Electric in a research note on Monday, August 12th. B. Riley upgraded Lion Electric to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, Roth Capital lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st.

Lion Electric Price Performance

Shares of NYSE:LEV opened at $0.68 on Wednesday. Lion Electric has a twelve month low of $0.53 and a twelve month high of $2.00. The company has a current ratio of 2.49, a quick ratio of 0.53 and a debt-to-equity ratio of 0.82. The company has a market cap of $153.92 million, a PE ratio of -1.39 and a beta of 2.15. The company’s 50 day moving average is $0.71 and its 200 day moving average is $0.94.

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 analysts’ consensus estimates 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 return on equity of 26.26% and a negative net margin of 51.81%. On average, sell-side analysts forecast that Lion Electric will post -0.42 EPS for the current year.

Institutional Trading of Lion Electric

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Lion Electric during the 2nd quarter worth about $62,000. XTX Topco Ltd purchased a new stake in Lion Electric during the 2nd quarter worth approximately $40,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings 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 acquiring an additional 30,050 shares during the last quarter. 52.73% of the stock is currently 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.