The Lion Electric Company (TSE:LEV) Given Average Rating of “Hold” by Brokerages

Shares of The Lion Electric Company (TSE:LEV) have been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$0.82.

Several analysts have recently commented on LEV shares. DA Davidson cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 12th. National Bankshares reduced their price objective on shares of Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating for the company in a research note on Thursday, August 1st. B. Riley upgraded shares of Lion Electric to a “strong-buy” rating in a research note on Tuesday, June 25th. Roth Capital cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Desjardins reduced their price objective on shares of Lion Electric from C$1.50 to C$1.00 and set a “hold” rating for the company in a research note on Thursday, August 1st.

Lion Electric Price Performance

LEV stock opened at C$0.91 on Wednesday. Lion Electric has a one year low of C$0.75 and a one year high of C$2.67. The stock has a market capitalization of C$205.86 million, a PE ratio of -1.28 and a beta of 2.59. The company has a debt-to-equity ratio of 118.61, a quick ratio of 1.33 and a current ratio of 2.49. The company has a fifty day moving average of C$0.96 and a 200-day moving average of C$1.18.

Lion Electric (TSE:LEV) last released its earnings results on Wednesday, July 31st. The company reported C($0.25) EPS for the quarter, missing the consensus estimate of C($0.17) by C($0.08). Lion Electric had a negative return on equity of 31.53% and a negative net margin of 51.81%. The firm had revenue of C$41.43 million during the quarter, compared to analyst estimates of C$84.15 million. As a group, analysts expect that Lion Electric will post -0.48 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.