Analysts Set The Lion Electric Company (NYSE:LEV) Price Target at $2.36

The Lion Electric Company (NYSE:LEV - Get Free Report) has received a consensus recommendation of "Hold" from the six analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.36.

Several equities analysts recently commented on the stock. National Bankshares decreased their price target on shares of Lion Electric from $2.25 to $1.75 and set a "sector perform" rating on the stock in a research note on Friday, March 1st. CIBC lowered their target price on shares of Lion Electric from $2.00 to $1.70 and set a "neutral" rating on the stock in a report on Friday, March 1st. DA Davidson dropped their price target on shares of Lion Electric from $4.00 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, March 5th. Finally, Desjardins downgraded Lion Electric from a "buy" rating to a "hold" rating and reduced their price target for the stock from $4.00 to $2.50 in a research report on Friday, March 1st.

Institutional Investors Weigh In On Lion Electric

A number of hedge funds have recently made changes to their positions in LEV. Alpine Global Management LLC bought a new stake in Lion Electric during the 3rd quarter worth $34,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Lion Electric by 50.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,829 shares of the company's stock worth $61,000 after purchasing an additional 10,610 shares during the last quarter. Lake Street Financial LLC increased its stake in shares of Lion Electric by 59.2% in the third quarter. Lake Street Financial LLC now owns 60,265 shares of the company's stock valued at $115,000 after buying an additional 22,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Lion Electric by 9.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 191,436 shares of the company's stock valued at $366,000 after buying an additional 16,683 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Lion Electric by 7.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 250,935 shares of the company's stock valued at $479,000 after buying an additional 16,356 shares during the last quarter. 52.73% of the stock is currently owned by institutional investors and hedge funds.

Lion Electric Stock Performance

LEV stock traded down $0.04 during midday trading on Wednesday, reaching $1.28. 457,045 shares of the company were exchanged, compared to its average volume of 494,953. Lion Electric has a one year low of $1.18 and a one year high of $2.68. The firm has a market capitalization of $289.51 million, a price-to-earnings ratio of -2.78 and a beta of 2.00. The business has a 50-day moving average price of $1.51 and a two-hundred day moving average price of $1.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.45 and a quick ratio of 0.73.

Lion Electric (NYSE:LEV - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.03). The firm had revenue of $60.43 million for the quarter, compared to the consensus estimate of $93.39 million. Lion Electric had a negative return on equity of 22.01% and a negative net margin of 40.93%. Equities research analysts forecast that Lion Electric will post -0.25 EPS 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.