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

The Lion Electric Company (NYSE:LEVGet Free Report) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1.46.

Separately, BMO Capital Markets lowered their price target on Lion Electric from $0.80 to $0.60 and set a “market perform” rating for the company in a research report on Friday, November 8th.

Read Our Latest Report on Lion Electric

Lion Electric Stock Performance

Shares of LEV stock opened at $0.25 on Friday. The company has a market capitalization of $56.56 million, a P/E ratio of -0.42 and a beta of 1.84. Lion Electric has a fifty-two week low of $0.18 and a fifty-two week high of $1.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.30 and a current ratio of 1.12. The stock has a 50 day moving average price of $0.29 and a two-hundred day moving average price of $0.57.

Lion Electric (NYSE:LEVGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The firm had revenue of $30.63 million for the quarter, compared to the consensus estimate of $34.33 million. Lion Electric had a negative net margin of 74.35% and a negative return on equity of 32.42%. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Analysts expect that Lion Electric will post -0.53 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lion Electric stock. Cubist Systematic Strategies LLC purchased a new stake in shares of The Lion Electric Company (NYSE:LEVFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 68,484 shares of the company’s stock, valued at approximately $62,000. 52.73% of the stock is currently owned by institutional investors and hedge funds.

About Lion Electric

(Get Free Report

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.

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Analyst Recommendations for Lion Electric (NYSE:LEV)

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