Brokerages Set The Lion Electric Company (NYSE:LEV) PT at $1.46

Shares of The Lion Electric Company (NYSE:LEV) have earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $1.46.

Several equities analysts have recently commented on the stock. Roth Capital cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 31st. BMO Capital Markets lowered their price objective on shares of Lion Electric from $0.80 to $0.60 and set a “market perform” rating for the company in a research report on Friday, November 8th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $1.00 target price (down previously from $1.50) on shares of Lion Electric in a report on Monday, August 12th.

Hedge Funds Weigh In On Lion Electric

A number of institutional investors and hedge funds have recently bought and sold shares of LEV. Cubist Systematic Strategies LLC bought a new stake in Lion Electric during the 2nd quarter worth approximately $62,000. XTX Topco Ltd acquired a new position in shares of Lion Electric in the 2nd quarter worth approximately $40,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Lion Electric by 14.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company’s stock valued at $341,000 after purchasing an additional 30,050 shares during the last quarter. Institutional investors and hedge funds own 52.73% of the company’s stock.

Lion Electric Price Performance

Lion Electric stock opened at $0.21 on Thursday. The firm has a market cap of $47.85 million, a PE ratio of -0.36 and a beta of 2.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 0.30. The stock’s fifty day moving average price is $0.57 and its two-hundred day moving average price is $0.76. Lion Electric has a one year low of $0.18 and a one year high of $1.99.

Lion Electric (NYSE:LEV) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Lion Electric had a negative return on equity of 32.42% and a negative net margin of 74.35%. The company had revenue of $30.63 million during the quarter, compared to the consensus estimate of $34.33 million. During the same quarter in the previous year, the business posted ($0.10) EPS. As a group, research analysts expect that Lion Electric will post -0.52 EPS for the current fiscal year.

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.