The Lion Electric Company (TSE:LEV – Get Free Report) has received an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$0.82.
Several brokerages have recently issued reports on LEV. B. Riley raised Lion Electric to a “strong-buy” rating in a research note on Tuesday, June 25th. Desjardins reduced their price objective on shares of Lion Electric from C$1.50 to C$1.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. DA Davidson cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th. National Bankshares decreased their price objective on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating for the company in a research note on Thursday, August 1st. Finally, Roth Capital lowered shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st.
View Our Latest Research Report on Lion Electric
Lion Electric Stock Up 3.4 %
Lion Electric (TSE:LEV – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.17) by C($0.08). The company had revenue of C$41.43 million for 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 expect that Lion Electric will post -0.48 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.
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