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

The Lion Electric Company (NYSE:LEV) has earned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1.52.

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

Institutional Trading of Lion Electric

Large investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of Lion Electric in the 2nd quarter worth about $40,000. Cubist Systematic Strategies LLC bought a new stake in shares of Lion Electric in the 2nd quarter worth about $62,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Lion Electric by 14.3% in the 1st 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 institutional investors.

Lion Electric Stock Down 1.1 %

LEV opened at $0.64 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.53 and a current ratio of 2.49. Lion Electric has a fifty-two week low of $0.53 and a fifty-two week high of $2.00. The firm’s fifty day moving average is $0.69 and its 200 day moving average is $0.91. The stock has a market cap of $143.63 million, a price-to-earnings ratio of -1.30 and a beta of 2.14.

Lion Electric (NYSE:LEV) last released its earnings results on Wednesday, July 31st. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). Lion Electric had a negative net margin of 51.81% and a negative return on equity of 26.26%. The firm had revenue of $30.28 million for the quarter, compared to analysts’ expectations of $61.40 million. On average, sell-side analysts forecast 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.