Shares of The Lion Electric Company (NYSE:LEV – Get Rating) have received an average rating of "Hold" from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.59.
Several research firms have recently commented on LEV. Raymond James reduced their target price on shares of Lion Electric from $5.00 to $4.50 and set a "market perform" rating for the company in a research note on Monday, November 14th. National Bankshares reduced their price objective on shares of Lion Electric from $9.00 to $4.50 and set an "outperform" rating for the company in a research note on Friday, November 4th. Northland Securities assumed coverage on shares of Lion Electric in a report on Tuesday, December 27th. They issued an "outperform" rating and a $5.00 target price for the company. DA Davidson decreased their price target on Lion Electric to $5.00 in a research note on Wednesday, November 16th. Finally, B. Riley lowered their price target on Lion Electric from $5.00 to $4.00 in a report on Wednesday, December 14th.
Get Lion Electric alerts:Lion Electric Trading Down 2.2 %
Shares of Lion Electric stock opened at $2.61 on Monday. Lion Electric has a 1 year low of $1.83 and a 1 year high of $9.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 3.18. The company has a market capitalization of $508.19 million, a P/E ratio of 10.44 and a beta of 2.15. The company's fifty day moving average is $2.39 and its two-hundred day moving average is $3.21.
Lion Electric (NYSE:LEV – Get Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Lion Electric had a net margin of 43.68% and a negative return on equity of 10.19%. The company had revenue of $40.98 million for the quarter, compared to the consensus estimate of $41.66 million. Analysts forecast that Lion Electric will post -0.27 earnings per share for the current year.Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its position in shares of Lion Electric by 18.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 102,163 shares of the company's stock worth $229,000 after buying an additional 15,953 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Lion Electric by 70.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 28,344 shares of the company's stock worth $63,000 after buying an additional 11,704 shares during the period. Brave Asset Management Inc. raised its position in shares of Lion Electric by 163.6% in the 4th quarter. Brave Asset Management Inc. now owns 50,000 shares of the company's stock worth $112,000 after buying an additional 31,035 shares during the period. Toroso Investments LLC raised its position in shares of Lion Electric by 18.4% in the 3rd quarter. Toroso Investments LLC now owns 198,577 shares of the company's stock worth $568,000 after buying an additional 30,912 shares during the period. Finally, Alliancebernstein L.P. purchased a new position in shares of Lion Electric in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 43.71% of the company's stock.
Lion Electric Company Profile
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The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.
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