Northland Capmk Brokers Boost Earnings Estimates for The Lion Electric Company (TSE:LEV)

The Lion Electric Company (TSE:LEV – Get Rating) – Equities research analysts at Northland Capmk boosted their Q1 2023 earnings per share estimates for shares of Lion Electric in a report released on Monday, March 13th. Northland Capmk analyst A. Sinha now forecasts that the company will earn ($0.05) per share for the quarter, up from their previous estimate of ($0.18). The consensus estimate for Lion Electric’s current full-year earnings is ($0.48) per share. Northland Capmk also issued estimates for Lion Electric’s Q2 2023 earnings at ($0.08) EPS, Q3 2023 earnings at ($0.07) EPS, Q4 2023 earnings at ($0.07) EPS and FY2023 earnings at ($0.27) EPS.

Separately, Raymond James reduced their target price on Lion Electric to C$2.50 in a research note on Tuesday.

Lion Electric Trading Down 4.7 %

Shares of LEV stock opened at C$2.81 on Wednesday. The company has a debt-to-equity ratio of 39.85, a current ratio of 3.99 and a quick ratio of 1.33. The company has a market cap of C$621.09 million, a price-to-earnings ratio of 6.85 and a beta of 2.73. The stock has a 50 day simple moving average of C$3.20 and a 200-day simple moving average of C$3.67. Lion Electric has a 1-year low of C$2.50 and a 1-year high of C$11.52.

About Lion Electric

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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.