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

Shares of The Lion Electric Company (TSE:LEV) have been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned 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.

A number of equities research analysts have issued reports on the stock. National Bankshares reduced their price objective on shares of Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating for the company in a research report on Thursday, August 1st. CIBC reduced their target price on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating for the company in a report on Thursday, August 1st. DA Davidson lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Monday, August 12th. Roth Capital downgraded Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, B. Riley raised Lion Electric to a “strong-buy” rating in a research report on Tuesday, June 25th.

Lion Electric Stock Up 2.2 %

Shares of TSE:LEV opened at C$0.91 on Friday. The business’s 50 day moving average is C$0.99 and its 200 day moving average is C$1.31. Lion Electric has a 12-month low of C$0.75 and a 12-month high of C$2.71. The stock has a market cap of C$205.86 million, a price-to-earnings ratio of -1.28 and a beta of 2.59. The company has a quick ratio of 1.33, a current ratio of 2.49 and a debt-to-equity ratio of 118.61.

Lion Electric (TSE:LEV) last posted its quarterly earnings data 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 firm had revenue of C$41.43 million for the quarter, compared to analysts’ expectations 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, sell-side analysts forecast that Lion Electric will post -0.48 earnings per share for the current fiscal year.

About Lion Electric

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.