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

Shares of The Lion Electric Company (NYSE:LEVGet Rating) have earned a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.40.

Several equities analysts have issued reports on the stock. Raymond James decreased their price objective on shares of Lion Electric from $11.00 to $7.50 and set a “market perform” rating for the company in a research note on Thursday, May 5th. National Bankshares decreased their target price on shares of Lion Electric from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 2nd. Canaccord Genuity Group decreased their target price on shares of Lion Electric from $12.00 to $8.00 in a research note on Thursday, May 5th. BMO Capital Markets downgraded shares of Lion Electric from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $22.00 to $7.00 in a research note on Thursday, February 24th. Finally, National Bank Financial decreased their target price on shares of Lion Electric from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 2nd.

A number of institutional investors have recently modified their holdings of the business. Power Corp of Canada purchased a new position in Lion Electric in the first quarter valued at about $565,330,000. Invesco Ltd. increased its holdings in Lion Electric by 3.9% in the fourth quarter. Invesco Ltd. now owns 2,465,533 shares of the company’s stock valued at $24,507,000 after buying an additional 91,445 shares in the last quarter. First Trust Advisors LP increased its holdings in Lion Electric by 11.1% in the fourth quarter. First Trust Advisors LP now owns 1,619,707 shares of the company’s stock valued at $16,100,000 after buying an additional 162,248 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Lion Electric by 1.3% in the third quarter. Point72 Asset Management L.P. now owns 1,244,595 shares of the company’s stock valued at $15,707,000 after buying an additional 16,138 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Lion Electric by 44.0% in the fourth quarter. Bank of Montreal Can now owns 998,862 shares of the company’s stock valued at $9,808,000 after buying an additional 304,974 shares in the last quarter.

NYSE LEV opened at $5.77 on Wednesday. Lion Electric has a 1 year low of $4.73 and a 1 year high of $23.45. The company has a market capitalization of $1.09 billion, a PE ratio of -15.18 and a beta of 2.00. The company has a fifty day moving average of $6.70 and a two-hundred day moving average of $8.32.

Lion Electric Company Profile (Get Rating)

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.

Further Reading

Analyst Recommendations for Lion Electric (NYSE:LEV)

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