The Lion Electric Company (TSE:LEV – Get Free Report) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$0.82.
A number of research firms have recently weighed in on LEV. National Bankshares cut their price target on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating on the stock in a report on Thursday, August 1st. Desjardins dropped their price target on shares of Lion Electric from C$1.50 to C$1.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. DA Davidson lowered shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 12th. CIBC dropped their target price on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Finally, Roth Capital lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st.
Read Our Latest Research Report on LEV
Lion Electric Price Performance
Lion Electric (TSE:LEV – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported C($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.17) by C($0.08). The firm had revenue of C$41.43 million during the quarter, compared to analyst estimates of C$84.15 million. Lion Electric had a negative return on equity of 31.53% and a negative net margin of 51.81%. On average, research analysts forecast that Lion Electric will post -0.48 earnings per share for the current 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.
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