Lion Electric (NYSE:LEV) Receives “Buy” Rating from Roth Mkm

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

Several other equities analysts have also commented on the stock. National Bankshares lowered their price target on shares of Lion Electric from $2.25 to $1.75 and set a sector perform rating for the company in a research report on Friday, March 1st. CIBC lowered their price target on shares of Lion Electric from $1.70 to $1.40 and set a neutral rating for the company in a research report on Monday. Desjardins lowered shares of Lion Electric from a buy rating to a hold rating and lowered their price target for the stock from $4.00 to $2.50 in a research report on Friday, March 1st. Finally, DA Davidson lowered their price target on shares of Lion Electric from $4.00 to $3.50 and set a buy rating for the company in a research report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Lion Electric currently has an average rating of Hold and a consensus price target of $2.34.

Lion Electric Stock Down 1.4 %

LEV stock opened at $0.94 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.45 and a quick ratio of 0.73. Lion Electric has a 1-year low of $0.92 and a 1-year high of $2.68. The firm has a fifty day moving average price of $1.38 and a two-hundred day moving average price of $1.62. The firm has a market cap of $211.91 million, a price-to-earnings ratio of -2.04 and a beta of 2.00.

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

Hedge Funds Weigh In On Lion Electric

A number of institutional investors and hedge funds have recently bought and sold shares of LEV. Lake Street Financial LLC grew its position in Lion Electric by 59.2% in the 3rd quarter. Lake Street Financial LLC now owns 60,265 shares of the company’s stock valued at $115,000 after buying an additional 22,400 shares in the last quarter. Barclays PLC acquired a new stake in Lion Electric in the 2nd quarter valued at about $36,000. Alpine Global Management LLC acquired a new stake in Lion Electric in the 3rd quarter valued at about $34,000. Atria Wealth Solutions Inc. lifted its holdings in Lion Electric by 20.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company’s stock valued at $183,000 after acquiring an additional 17,285 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in 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 valued at $366,000 after acquiring an additional 16,683 shares during the last quarter. Institutional investors own 52.73% of the company’s stock.

About Lion Electric

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.