The Lion Electric Company (NYSE:LEV) Receives Consensus Recommendation of “Hold” from Brokerages

The Lion Electric Company (NYSE:LEVGet Free Report) has earned an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $1.74.

Several research analysts recently issued reports on LEV shares. Desjardins lowered shares of Lion Electric from a “buy” rating to a “hold” rating and cut their target price for the stock from $4.00 to $2.50 in a research note on Friday, March 1st. Barclays cut their price objective on shares of Lion Electric from $2.00 to $1.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. CIBC reduced their target price on Lion Electric from $1.70 to $1.40 and set a “neutral” rating for the company in a report on Monday, April 22nd. National Bank Financial downgraded shares of Lion Electric from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a report on Wednesday, May 8th. Finally, Roth Mkm lowered their target price on Lion Electric from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th.

Check Out Our Latest Stock Analysis on Lion Electric

Lion Electric Trading Up 2.9 %

Shares of LEV stock opened at $1.05 on Thursday. The company has a current ratio of 2.65, a quick ratio of 0.73 and a debt-to-equity ratio of 0.74. Lion Electric has a 1-year low of $0.88 and a 1-year high of $2.68. The stock has a 50-day moving average of $1.11 and a 200-day moving average of $1.48. The stock has a market cap of $237.49 million, a price-to-earnings ratio of -2.14 and a beta of 2.12.

Lion Electric (NYSE:LEVGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 18.99%. The business had revenue of $55.48 million for the quarter, compared to analyst estimates of $71.82 million. On average, equities research analysts forecast that Lion Electric will post -0.31 earnings per share for the current year.

Institutional Trading of Lion Electric

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Lion Electric by 7.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 250,935 shares of the company’s stock valued at $479,000 after acquiring an additional 16,356 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Lion Electric by 9.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 191,436 shares of the company’s stock worth $366,000 after acquiring an additional 16,683 shares in the last quarter. Alpine Global Management LLC bought a new position in Lion Electric in the third quarter worth $34,000. 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 worth $52,000 after acquiring an additional 12,712 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Lion Electric by 20.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company’s stock valued at $183,000 after purchasing an additional 17,285 shares during the last quarter. 52.73% of the stock is currently owned by hedge funds and other institutional investors.

About Lion Electric

(Get Free Report

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.

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Analyst Recommendations for Lion Electric (NYSE:LEV)

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