DA Davidson Lowers Lion Electric (NYSE:LEV) Price Target to $1.50

Lion Electric (NYSE:LEVFree Report) had its price objective trimmed by DA Davidson from $3.50 to $1.50 in a research note published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on the company. National Bank Financial cut Lion Electric from a sec perform spec market wgt rating to an underperform spec market wgt rating in a research note on Wednesday, May 8th. National Bankshares decreased their price objective on 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. 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 research note on Thursday, May 9th. BMO Capital Markets cut their price target on shares of Lion Electric from $2.00 to $1.00 and set a market perform rating on the stock in a research note on Thursday, May 9th. Finally, Roth Mkm lowered their price objective on shares of Lion Electric from $2.50 to $2.00 and set a buy rating for the company in a research report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $1.74.

Check Out Our Latest Stock Analysis on LEV

Lion Electric Price Performance

Lion Electric stock opened at $1.00 on Monday. The business has a 50-day moving average of $1.17 and a 200-day moving average of $1.53. Lion Electric has a 1 year low of $0.88 and a 1 year high of $2.68. The firm has a market capitalization of $226.19 million, a P/E ratio of -2.04 and a beta of 2.12. 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 (NYSE:LEVGet Free Report) last posted 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). Lion Electric had a negative return on equity of 18.99% and a negative net margin of 43.21%. The firm had revenue of $60.43 million during the quarter, compared to analyst estimates of $93.39 million. On average, equities analysts anticipate that Lion Electric will post -0.3 EPS for the current year.

Institutional Trading of Lion Electric

A number of institutional investors have recently made changes to their positions in LEV. Victory Capital Management Inc. acquired a new stake in Lion Electric in the 4th quarter valued at $28,000. Alpine Global Management LLC acquired a new position in shares of Lion Electric during the 3rd quarter worth about $34,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 valued at $52,000 after acquiring an additional 12,712 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position 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 during the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in Lion Electric by 20.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company’s stock worth $183,000 after acquiring an additional 17,285 shares in the last quarter. Institutional investors own 52.73% of the company’s stock.

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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