Brokerages Set The Lion Electric Company (NYSE:LEV) PT at $2.34

Shares of The Lion Electric Company (NYSE:LEV) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $2.34.

Several equities research analysts have commented on the stock. Desjardins lowered shares of Lion Electric from a “buy” rating to a “hold” rating and lowered their price target for the company from $4.00 to $2.50 in a report on Friday, March 1st. National Bankshares decreased their target price on shares of Lion Electric from $2.25 to $1.75 and set a “sector perform” rating for the company in a research note on Friday, March 1st. DA Davidson dropped their price target on shares of Lion Electric from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Roth Mkm reiterated a “buy” rating and issued a $2.50 price objective (down previously from $5.00) on shares of Lion Electric in a research report on Tuesday, April 23rd. Finally, 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.

Lion Electric Stock Down 1.4 %

Shares of Lion Electric stock opened at $1.05 on Friday. 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 company has a market cap of $236.36 million, a P/E ratio of -2.27 and a beta of 2.12. The firm’s 50 day moving average price is $1.24 and its 200-day moving average price is $1.56. 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 quarterly earnings results on Thursday, February 29th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $60.43 million during the quarter, compared to analysts’ expectations of $93.39 million. Lion Electric had a negative net margin of 40.93% and a negative return on equity of 22.01%. On average, sell-side analysts predict that Lion Electric will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Lion Electric

Several large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Lion Electric by 50.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,829 shares of the company’s stock worth $61,000 after purchasing an additional 10,610 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Lion Electric by 7.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 250,935 shares of the company’s stock worth $479,000 after buying an additional 16,356 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised 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 buying an additional 16,683 shares during the last quarter. Alpine Global Management LLC acquired a new stake in shares of Lion Electric in the third quarter valued at about $34,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Lion Electric by 75.3% in 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. 52.73% of the stock is currently owned by hedge funds and other 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.