The Lion Electric Company (NYSE:LEV) Given Consensus Rating of “Moderate Buy” by Brokerages

The Lion Electric Company (NYSE:LEV) has received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $1.74.

A number of equities analysts have recently weighed in on LEV shares. Roth Mkm dropped their price target on shares of Lion Electric from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. B. Riley raised Lion Electric to a “strong-buy” rating in a research report on Tuesday, June 25th. CIBC reduced their price target on Lion Electric from $1.70 to $1.40 and set a “neutral” rating for the company in a report on Monday, April 22nd. Barclays dropped their price objective on Lion Electric from $2.00 to $1.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Finally, National Bank Financial cut shares of Lion Electric from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a research note on Wednesday, May 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Lion Electric by 75.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company’s stock worth $52,000 after purchasing an additional 12,712 shares during the period. Atria Wealth Solutions Inc. increased its position in Lion Electric by 20.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 103,310 shares of the company’s stock worth $183,000 after buying an additional 17,285 shares during the period. Victory Capital Management Inc. bought a new position in Lion Electric in the 4th quarter worth approximately $28,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Lion Electric by 14.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company’s stock worth $341,000 after buying an additional 30,050 shares during the last quarter. Institutional investors and hedge funds own 52.73% of the company’s stock.

Lion Electric Price Performance

Shares of LEV opened at $0.90 on Friday. The business’s 50-day moving average is $0.99 and its 200-day moving average is $1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.65 and a quick ratio of 0.73. The company has a market capitalization of $203.56 million, a price-to-earnings ratio of -1.84 and a beta of 2.14. Lion Electric has a fifty-two week low of $0.84 and a fifty-two week high of $2.68.

Lion Electric (NYSE:LEV) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 18.99%. The firm had revenue of $55.48 million for the quarter, compared to the consensus estimate of $71.82 million. Equities research analysts expect that Lion Electric will post -0.31 EPS for the current fiscal year.

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.