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

Shares of The Lion Electric Company (NYSE:LEV) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $1.46.

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

Institutional Trading of Lion Electric

A hedge fund recently bought a new stake in Lion Electric stock. XTX Topco Ltd bought a new stake in shares of The Lion Electric Company (NYSE:LEV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 43,969 shares of the company’s stock, valued at approximately $40,000. Institutional investors and hedge funds own 52.73% of the company’s stock.

Lion Electric Price Performance

Shares of NYSE:LEV opened at $0.25 on Friday. The firm has a market capitalization of $56.56 million, a PE ratio of -0.42 and a beta of 1.84. 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 has a 52-week low of $0.18 and a 52-week high of $1.99. The firm has a fifty day moving average of $0.30 and a 200 day moving average of $0.58.

Lion Electric (NYSE:LEV) last announced its quarterly 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 company had revenue of $30.63 million during the quarter, compared to analysts’ expectations of $34.33 million. Lion Electric had a negative return on equity of 32.42% and a negative net margin of 74.35%. During the same period last year, the firm earned ($0.10) earnings per share. As a group, research analysts anticipate that Lion Electric will post -0.53 EPS for the current fiscal year.

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.