Lion Electric (TSE:LEV) Given New C$1.00 Price Target at Desjardins

Lion Electric (TSE:LEV) had its price objective lowered by Desjardins from C$1.50 to C$1.00 in a report published on Thursday morning, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

LEV has been the subject of a number of other reports. National Bankshares lowered their price objective on Lion Electric from C$1.00 to C$0.80 and set an underperform rating for the company in a research note on Thursday. CIBC dropped their target price on shares of Lion Electric from C$1.15 to C$0.65 and set a neutral rating on the stock in a report on Thursday. National Bank Financial cut Lion Electric from a sec perform spec market wgt rating to an underperform spec market wgt rating in a report on Wednesday, May 8th. Finally, B. Riley raised Lion Electric to a strong-buy rating in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of C$0.82.

Lion Electric Stock Performance

Lion Electric stock opened at C$0.86 on Thursday. The company has a debt-to-equity ratio of 104.69, a current ratio of 2.65 and a quick ratio of 1.33. Lion Electric has a 12 month low of C$0.80 and a 12 month high of C$3.18. The company has a fifty day moving average price of C$1.31 and a two-hundred day moving average price of C$1.66. The company has a market cap of C$194.55 million, a PE ratio of -1.28 and a beta of 2.74.

Lion Electric (TSE:LEV) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.08. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 28.75%. The business had revenue of C$74.80 million during the quarter, compared to the consensus estimate of C$97.28 million. Research analysts expect that Lion Electric will post -0.48 earnings per share for the current 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.