The Lion Electric Company (TSE:LEV – Get Free Report) 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.
Check Out Our Latest Analysis on LEV
Lion Electric Price Performance
Lion Electric (TSE:LEV – Get Free Report) 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.
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