The Lion Electric Company (NYSE:LEV) Receives Consensus Rating of “Hold” from Analysts

The Lion Electric Company (NYSE:LEV) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $1.46.

Separately, BMO Capital Markets cut their target price on shares of Lion Electric from $0.80 to $0.60 and set a “market perform” rating for the company in a research note on Friday, November 8th.

Lion Electric Trading Down 1.9 %

Shares of NYSE:LEV opened at $0.33 on Monday. Lion Electric has a 52-week low of $0.18 and a 52-week high of $1.99. The company has a market capitalization of $75.42 million, a P/E ratio of -0.57 and a beta of 1.84. The company has a 50-day simple moving average of $0.46 and a 200 day simple moving average of $0.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.30 and a current ratio of 1.12.

Lion Electric (NYSE:LEV) last issued its earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Lion Electric had a negative net margin of 74.35% and a negative return on equity of 32.42%. The firm had revenue of $30.63 million during the quarter, compared to analyst estimates of $34.33 million. During the same quarter last year, the business posted ($0.10) earnings per share. Sell-side analysts forecast that Lion Electric will post -0.53 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lion Electric stock. Cubist Systematic Strategies LLC acquired a new stake in The Lion Electric Company (NYSE:LEV) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 68,484 shares of the company’s stock, valued at approximately $62,000. Institutional investors and hedge funds own 52.73% of the company’s stock.

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.