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

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

A number of brokerages have recently commented on LEV. Desjardins decreased their price target on shares of Lion Electric from C$1.50 to C$1.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. CIBC lowered their price target on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. 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. National Bankshares decreased their price objective on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating on the stock in a report on Thursday, August 1st. Finally, Roth Capital lowered Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st.

Lion Electric Stock Down 1.2 %

LEV stock opened at C$0.85 on Friday. The stock has a fifty day moving average of C$1.30 and a 200-day moving average of C$1.65. Lion Electric has a fifty-two week low of C$0.79 and a fifty-two week high of C$3.15. The company has a market capitalization of C$192.29 million, a price-to-earnings ratio of -1.27 and a beta of 2.74. The company has a debt-to-equity ratio of 104.69, a quick ratio of 1.33 and a current ratio of 2.65.

Lion Electric (TSE:LEV) last posted its quarterly earnings results 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 firm had revenue of C$74.80 million during 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%. As a group, equities research analysts predict that Lion Electric will post -0.48 earnings per share for the current year.

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.