Analysts Set The Lion Electric Company (TSE:LEV) Target Price at C$0.82

Shares of The Lion Electric Company (TSE:LEV) 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.

Lion Electric Stock Performance

Shares of LEV stock opened at C$0.93 on Wednesday. The business has a fifty day moving average of C$0.95 and a 200 day moving average of C$1.21. The firm has a market capitalization of C$210.38 million, a price-to-earnings ratio of -1.31 and a beta of 2.59. The company has a debt-to-equity ratio of 118.61, a current ratio of 2.49 and a quick ratio of 1.33. Lion Electric has a 1 year low of C$0.75 and a 1 year high of C$2.67.

Lion Electric (TSE:LEV) 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.