The Lion Electric Company (NYSE:LEV) – Equities researchers at  Northland Capmk issued their FY2022 EPS estimates for Lion Electric  in a research report issued on  Tuesday, December 27th. Northland Capmk analyst A. Sinha anticipates that the company will post earnings per share of ($0.28) for the year. The consensus estimate for Lion Electric's current full-year earnings is ($0.27) per share. Northland Capmk also issued estimates for Lion Electric's Q4 2022 earnings at ($0.12) EPS, Q1 2023 earnings at ($0.13) EPS, Q2 2023 earnings at ($0.15) EPS, Q3 2023 earnings at ($0.17) EPS, Q4 2023 earnings at ($0.19) EPS and FY2023 earnings at ($0.64) EPS.

A number of other brokerages have also commented on LEV. National Bankshares reduced their target price on shares of Lion Electric from $9.00 to $4.50 and set an "outperform" rating on the stock in a research report on Friday, November 4th. DA Davidson reduced their target price on shares of Lion Electric to $5.00 in a research report on Wednesday, November 16th. Northland Securities assumed coverage on shares of Lion Electric in a research report on Tuesday. They set an "outperform" rating and a $5.00 target price on the stock. Canaccord Genuity Group lowered shares of Lion Electric from a "buy" rating to a "hold" rating and reduced their target price for the stock from $8.00 to $2.50 in a research report on Friday, October 21st. Finally, Raymond James reduced their target price on shares of Lion Electric from $5.00 to $4.50 and set a "market perform" rating on the stock in a research report on Monday, November 14th. One analyst  has rated the stock with a sell rating, four have issued  a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Lion Electric  has an average rating of "Moderate Buy" and a consensus price target of $7.13.

Lion Electric Stock Up 4.5 %

Shares of NYSE LEV opened at $2.08 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.18 and a quick ratio of 1.37. The company has a market cap of $405.00 million, a P/E ratio of 8.32 and a beta of 2.07. Lion Electric has a 1 year low of $1.83 and a 1 year high of $10.18. The firm has a 50-day simple moving average of $2.72 and a two-hundred day simple moving average of $3.62.

Lion Electric (NYSE:LEV) last announced 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. The business had revenue of $40.98 million during the quarter, compared to the consensus estimate of $41.66 million. Lion Electric had a net margin of 43.68% and a negative return on equity of 10.19%.

Hedge Funds Weigh In On Lion Electric

Institutional investors and hedge funds have recently bought and sold shares of the company. Power Corp of Canada acquired a new stake in shares of  Lion Electric during the first quarter worth $565,330,000.  Marshall Wace LLP lifted its stake in shares of  Lion Electric by 2,691.8% during the third quarter. Marshall Wace LLP now owns 775,613 shares of the company's stock worth $2,218,000 after buying an additional 747,831 shares during the period.  Renaissance Technologies LLC acquired a new stake in shares of  Lion Electric during the second quarter worth $2,127,000.  State Street Corp acquired a new stake in shares of  Lion Electric during the second quarter worth $1,517,000.  Finally, Goldman Sachs Group Inc. lifted its position in  Lion Electric by 501.6% during the second quarter. Goldman Sachs Group Inc. now owns 310,891 shares of the company's stock valued at $1,309,000 after purchasing an additional 259,213 shares during the period. 43.71% of the stock is owned by hedge funds and other institutional investors.

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. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.