The Lion Electric Company (TSE:LEV) Receives Average Rating of “Hold” from Analysts

The Lion Electric Company (TSE:LEV) has earned an average recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$0.82.

A number of equities analysts have commented on LEV shares. CIBC reduced their price objective on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Desjardins reduced their price objective on Lion Electric from C$1.50 to C$1.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Roth Capital lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. B. Riley raised Lion Electric to a “strong-buy” rating in a research note on Tuesday, June 25th. Finally, National Bankshares reduced their price objective on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating on the stock in a research note on Thursday, August 1st.

Lion Electric Price Performance

Lion Electric stock opened at C$0.81 on Friday. The company has a debt-to-equity ratio of 104.69, a current ratio of 2.65 and a quick ratio of 1.33. The company has a market capitalization of C$183.24 million, a PE ratio of -1.21 and a beta of 2.74. Lion Electric has a one year low of C$0.78 and a one year high of C$3.15. The business has a 50 day simple moving average of C$1.27 and a 200 day simple moving average of C$1.63.

Lion Electric (TSE:LEV) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.10) by C$0.08. The company had revenue of C$74.80 million for the quarter, compared to analyst estimates of C$97.28 million. Lion Electric had a negative return on equity of 28.75% and a negative net margin of 43.21%. On average, sell-side analysts forecast that Lion Electric will post -0.48 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.