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

The Lion Electric Company (NYSE:LEV) has been given an average recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $1.46.

LEV has been the topic of a number of recent research reports. BMO Capital Markets cut their price objective on shares of Lion Electric from $0.80 to $0.60 and set a “market perform” rating on the stock in a report on Friday, November 8th. DA Davidson reissued a “neutral” rating and issued a $1.00 price objective (down from $1.50) on shares of Lion Electric in a research note on Monday, August 12th. Finally, Roth Capital lowered shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st.

Lion Electric Trading Down 22.6 %

LEV opened at $0.19 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 0.30. Lion Electric has a fifty-two week low of $0.18 and a fifty-two week high of $1.99. The firm has a market capitalization of $42.53 million, a PE ratio of -0.32 and a beta of 2.14. The company’s 50-day moving average is $0.60 and its 200 day moving average is $0.78.

Lion Electric (NYSE:LEV) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 business had revenue of $30.63 million during the quarter, compared to the consensus estimate of $34.33 million. During the same period last year, the business posted ($0.10) earnings per share. As a group, research analysts predict that Lion Electric will post -0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lion Electric

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

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.