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

Shares of The Lion Electric Company (NYSE:LEV) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $2.34.

Several equities analysts have issued reports on the stock. National Bankshares dropped their price objective on shares of Lion Electric from $2.25 to $1.75 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. DA Davidson cut their price target on shares of Lion Electric from $4.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, March 5th. Desjardins downgraded shares of Lion Electric from a “buy” rating to a “hold” rating and reduced their price objective for the company from $4.00 to $2.50 in a research report on Friday, March 1st. CIBC dropped their target price on Lion Electric from $1.70 to $1.40 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Roth Mkm reissued a “buy” rating and set a $2.50 target price (down from $5.00) on shares of Lion Electric in a research note on Tuesday, April 23rd.

Institutional Trading of Lion Electric

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of Lion Electric in the fourth quarter valued at approximately $28,000. Atria Wealth Solutions Inc. grew its holdings in Lion Electric by 20.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company’s stock valued at $183,000 after buying an additional 17,285 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Lion Electric by 75.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company’s stock worth $52,000 after buying an additional 12,712 shares in the last quarter. Alpine Global Management LLC acquired a new position in shares of Lion Electric in the third quarter worth $34,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Lion Electric by 9.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 191,436 shares of the company’s stock valued at $366,000 after acquiring an additional 16,683 shares in the last quarter. Institutional investors and hedge funds own 52.73% of the company’s stock.

Lion Electric Stock Performance

Shares of LEV stock opened at $1.03 on Friday. The stock’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.57. The company has a quick ratio of 0.73, a current ratio of 2.45 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $232.97 million, a PE ratio of -2.24 and a beta of 2.12. Lion Electric has a 52-week low of $0.88 and a 52-week high of $2.68.

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