Lion Electric (NYSE:LEV) Cut to Underperform Spec Market Wgt at National Bank Financial

National Bank Financial lowered shares of Lion Electric (NYSE:LEVFree Report) from a sec perform spec market wgt rating to an underperform spec market wgt rating in a report released on Wednesday, Zacks.com reports.

LEV has been the subject of a number of other research reports. BMO Capital Markets decreased their price objective on shares of Lion Electric from $2.00 to $1.00 and set a market perform rating for the company in a report on Thursday. Desjardins downgraded shares of Lion Electric from a buy rating to a hold rating and lowered their price objective for the company from $4.00 to $2.50 in a research report on Friday, March 1st. National Bankshares cut their target price on shares of Lion Electric from $2.25 to $1.75 and set a sector perform rating on the stock in a report on Friday, March 1st. Barclays lowered their target price on Lion Electric from $2.00 to $1.00 and set an equal weight rating for the company in a report on Thursday. Finally, CIBC dropped their price target 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. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Lion Electric has a consensus rating of Hold and a consensus price target of $1.99.

Read Our Latest Analysis on Lion Electric

Lion Electric Stock Performance

Shares of Lion Electric stock opened at $0.90 on Wednesday. The firm has a market cap of $202.68 million, a PE ratio of -1.95 and a beta of 2.12. Lion Electric has a 1 year low of $0.88 and a 1 year high of $2.68. The firm’s 50-day simple moving average is $1.19 and its 200-day simple moving average is $1.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 2.45.

Lion Electric (NYSE:LEVGet Free Report) last released its 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). Lion Electric had a negative return on equity of 22.01% and a negative net margin of 40.93%. The firm had revenue of $60.43 million for the quarter, compared to the consensus estimate of $93.39 million. Equities analysts forecast that Lion Electric will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new stake in shares of Lion Electric during the fourth quarter valued at about $28,000. Alpine Global Management LLC bought a new stake in shares of Lion Electric during the 3rd quarter worth about $34,000. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Lion Electric by 50.0% in the third 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 in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake 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 acquiring an additional 17,285 shares during the period. Institutional investors and hedge funds own 52.73% of the company’s stock.

Lion Electric Company Profile

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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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