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

Shares of The Lion Electric Company (NYSE:LEV) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $1.52.

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

Lion Electric Trading Down 2.5 %

NYSE:LEV opened at $0.75 on Friday. Lion Electric has a 52-week low of $0.53 and a 52-week high of $2.15. The company has a quick ratio of 0.53, a current ratio of 2.49 and a debt-to-equity ratio of 0.82. The stock has a fifty day simple moving average of $0.75 and a 200-day simple moving average of $1.00. The company has a market capitalization of $169.64 million, a PE ratio of -1.53 and a beta of 2.15.

Lion Electric (NYSE:LEV) last announced its earnings results on Wednesday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The business had revenue of $30.28 million for the quarter, compared to analyst estimates 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 expect that Lion Electric will post -0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Lion Electric by 75.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company’s stock valued at $52,000 after purchasing an additional 12,712 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Lion Electric in the 4th quarter valued at $28,000. Atria Wealth Solutions Inc. boosted its holdings in shares of Lion Electric by 20.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company’s stock valued at $183,000 after purchasing an additional 17,285 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of 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 valued at $341,000 after buying an additional 30,050 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Lion Electric during the 2nd quarter worth $40,000. 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.