Analysts Set The Lion Electric Company (NYSE:LEV) Target Price at $1.52

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 analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $1.52.

LEV has been the subject of several analyst reports. B. Riley raised shares of Lion Electric to a “strong-buy” rating in a research report on Tuesday, June 25th. DA Davidson restated a “neutral” rating and issued a $1.00 target price (down previously from $1.50) on shares of Lion Electric in a report on Monday, August 12th. Finally, Roth Capital cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 31st.

Lion Electric Price Performance

Shares of NYSE LEV opened at $0.64 on Wednesday. The company has a market capitalization of $143.63 million, a price-to-earnings ratio of -1.30 and a beta of 2.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.53 and a current ratio of 2.49. The company has a 50 day simple moving average of $0.69 and a two-hundred day simple moving average of $0.91. Lion Electric has a fifty-two week low of $0.53 and a fifty-two week high of $2.00.

Lion Electric (NYSE:LEV) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The firm had revenue of $30.28 million for the quarter, compared to the consensus estimate of $61.40 million. Lion Electric had a negative net margin of 51.81% and a negative return on equity of 26.26%. Analysts expect that Lion Electric will post -0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LEV. Cubist Systematic Strategies LLC purchased a new position in shares of Lion Electric during the 2nd quarter worth $62,000. XTX Topco Ltd purchased a new position in shares of Lion Electric during the 2nd quarter worth $40,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted 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 worth $341,000 after acquiring an additional 30,050 shares during the last quarter. Hedge funds and other institutional investors 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.