The Lion Electric Company (NYSE:LEV) Receives Average Rating of “Hold” from Analysts

The Lion Electric Company (NYSE:LEV) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $1.52.

A number of equities analysts have recently issued reports on LEV shares. B. Riley upgraded shares of Lion Electric to a “strong-buy” rating in a research note on Tuesday, June 25th. DA Davidson reaffirmed a “neutral” rating and set a $1.00 target price (down previously from $1.50) on shares of Lion Electric in a research report on Monday, August 12th. Finally, Roth Capital downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st.

Institutional Investors Weigh In On Lion Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Lion Electric during the second quarter valued at about $62,000. XTX Topco Ltd acquired a new position in Lion Electric during the 2nd quarter valued at approximately $40,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Lion Electric by 14.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company’s stock worth $341,000 after buying an additional 30,050 shares during the last quarter. 52.73% of the stock is currently owned by hedge funds and other institutional investors.

Lion Electric Price Performance

LEV opened at $0.68 on Wednesday. The company has a market capitalization of $153.92 million, a price-to-earnings ratio of -1.39 and a beta of 2.15. The company has a current ratio of 2.49, a quick ratio of 0.53 and a debt-to-equity ratio of 0.82. Lion Electric has a 12-month low of $0.53 and a 12-month high of $2.00. The business’s fifty day simple moving average is $0.71 and its 200-day simple moving average is $0.94.

Lion Electric (NYSE:LEV) last issued its earnings results on Wednesday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The business had revenue of $30.28 million for the quarter, compared to the consensus estimate of $61.40 million. Lion Electric had a negative return on equity of 26.26% and a negative net margin of 51.81%. On average, equities research analysts anticipate that Lion Electric will post -0.42 earnings per share 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.