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

The Lion Electric Company (NYSE:LEV) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $1.74.

LEV has been the topic of several recent research reports. National Bank Financial downgraded shares of Lion Electric from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a research report on Wednesday, May 8th. National Bankshares cut their price objective on shares of Lion Electric from $2.25 to $1.75 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. BMO Capital Markets cut their price objective on shares of Lion Electric from $2.00 to $1.00 and set a “market perform” rating on the stock in a research report on Thursday, May 9th. DA Davidson cut their price objective on shares of Lion Electric from $3.50 to $1.50 and set a “buy” rating on the stock in a research report on Monday, May 13th. Finally, Desjardins downgraded shares of Lion Electric from a “buy” rating to a “hold” rating and cut their price objective for the company from $4.00 to $2.50 in a research report on Friday, March 1st.

Lion Electric Trading Up 4.7 %

NYSE LEV opened at $0.91 on Monday. Lion Electric has a one year low of $0.84 and a one year high of $2.68. The company has a 50-day simple moving average of $1.01 and a 200-day simple moving average of $1.39. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.73 and a current ratio of 2.65. The firm has a market capitalization of $205.51 million, a PE ratio of -1.85 and a beta of 2.17.

Lion Electric (NYSE:LEV) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate 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 business had revenue of $55.48 million during the quarter, compared to analyst estimates of $71.82 million. On average, equities analysts forecast that Lion Electric will post -0.31 earnings per share for the current year.

Institutional Trading of Lion Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in LEV. Victory Capital Management Inc. bought a new stake in shares of Lion Electric during the 4th quarter worth about $28,000. Alpine Global Management LLC acquired a new position in shares of Lion Electric in the 3rd quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Lion Electric by 75.3% in the 4th 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 last quarter. Atria Wealth Solutions Inc. grew its stake in shares of 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 purchasing an additional 17,285 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Lion Electric by 14.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 239,839 shares of the company’s stock worth $341,000 after purchasing an additional 30,050 shares during the last quarter. 52.73% of the stock is currently owned by institutional investors.

About Lion Electric

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.