Shares of The Lion Electric Company (NYSE:LEV – Get Rating) have been given a consensus rating of "Hold" by the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $7.13.
Several equities research analysts have recently weighed in on LEV shares. B. Riley decreased their price target on Lion Electric from $5.00 to $4.00 in a research report on Wednesday, December 14th. DA Davidson decreased their price target on shares of Lion Electric to $5.00 in a research report on Wednesday, November 16th. National Bankshares dropped their price target on Lion Electric from $9.00 to $4.50 and set an "outperform" rating for the company in a research note on Friday, November 4th. Raymond James reduced their price target on Lion Electric from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Monday, November 14th. Finally, Canaccord Genuity Group cut Lion Electric from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $8.00 to $2.50 in a research report on Friday, October 21st.
Get Lion Electric alerts:Lion Electric Trading Up 1.0 %
Shares of NYSE LEV opened at $2.12 on Thursday. The company's 50 day simple moving average is $2.62 and its 200 day simple moving average is $3.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.18 and a quick ratio of 1.37. The firm has a market capitalization of $412.79 million, a P/E ratio of 8.48 and a beta of 2.09. Lion Electric has a fifty-two week low of $1.83 and a fifty-two week high of $9.87.
Lion Electric (NYSE:LEV – Get Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. Lion Electric had a net margin of 43.68% and a negative return on equity of 10.19%. The business had revenue of $40.98 million during the quarter, compared to analysts' expectations of $41.66 million. On average, analysts predict that Lion Electric will post -0.27 EPS for the current year.Hedge Funds Weigh In On Lion Electric
Several hedge funds have recently made changes to their positions in the business. Marshall Wace LLP raised its position in shares of Lion Electric by 2,691.8% in the third quarter. Marshall Wace LLP now owns 775,613 shares of the company's stock valued at $2,218,000 after purchasing an additional 747,831 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Lion Electric in the 2nd quarter valued at $2,127,000. State Street Corp acquired a new position in Lion Electric in the 2nd quarter worth $1,517,000. Goldman Sachs Group Inc. increased its stake in Lion Electric by 501.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 310,891 shares of the company's stock valued at $1,309,000 after buying an additional 259,213 shares during the last quarter. Finally, Richelieu Gestion PLC grew its position in shares of Lion Electric by 65.5% in the 3rd quarter. Richelieu Gestion PLC now owns 490,979 shares of the company's stock valued at $1,404,000 after acquiring an additional 194,279 shares during the period. Institutional investors and hedge funds own 43.71% of the company's stock.
About Lion Electric
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The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.
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