Lion Electric’s (LEV) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of Lion Electric (NYSE:LEV) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $2.50 price target on the stock, down from their previous price target of $5.00.

LEV has been the topic of several other research reports. CIBC reduced their price target on shares of Lion Electric from $1.70 to $1.40 and set a neutral rating on the stock in a research report on Monday. National Bankshares reduced their price target on shares of Lion Electric from $2.25 to $1.75 and set a sector perform rating on the stock in a research report on Friday, March 1st. DA Davidson dropped their price objective on Lion Electric from $4.00 to $3.50 and set a buy rating for the company in a report on Tuesday, March 5th. Finally, Desjardins cut Lion Electric from a buy rating to a hold rating and dropped their price objective for the stock from $4.00 to $2.50 in a report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $2.34.

Lion Electric Stock Down 1.4 %

Shares of NYSE:LEV opened at $0.94 on Tuesday. Lion Electric has a 52 week low of $0.92 and a 52 week high of $2.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 2.45. The company’s fifty day moving average is $1.38 and its 200-day moving average is $1.62. The company has a market capitalization of $211.91 million, a PE ratio of -2.04 and a beta of 2.00.

Lion Electric (NYSE:LEV) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The company had revenue of $60.43 million for the quarter, compared to analyst estimates of $93.39 million. Lion Electric had a negative return on equity of 22.01% and a negative net margin of 40.93%. Equities research analysts predict that Lion Electric will post -0.25 earnings per share for the current fiscal year.

Institutional Trading of Lion Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of Lion Electric in the 4th quarter valued at about $28,000. Alpine Global Management LLC bought a new stake in shares of Lion Electric in the 3rd quarter valued at about $34,000. Barclays PLC bought a new stake in shares of Lion Electric in the 2nd quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Lion Electric by 75.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company’s stock valued at $52,000 after acquiring an additional 12,712 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Lion Electric by 50.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,829 shares of the company’s stock valued at $61,000 after acquiring an additional 10,610 shares during the last quarter. 52.73% of the stock is owned by institutional investors.

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.