Lion Electric (NYSE:LEV) Earns Buy Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Lion Electric (NYSE:LEV) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $2.50 target price on the stock, down from their previous target price of $5.00.

LEV has been the topic of several other reports. National Bankshares lowered their price target on Lion Electric from $2.25 to $1.75 and set a sector perform rating on the stock in a report on Friday, March 1st. Desjardins cut Lion Electric from a buy rating to a hold rating and lowered their price target for the company from $4.00 to $2.50 in a report on Friday, March 1st. CIBC lowered their price target on Lion Electric from $1.70 to $1.40 and set a neutral rating on the stock in a report on Monday, April 22nd. Finally, DA Davidson reduced their price objective on Lion Electric from $4.00 to $3.50 and set a buy rating for the company in a research note on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Lion Electric presently has an average rating of Hold and a consensus price target of $2.34.

Lion Electric Stock Up 3.5 %

LEV stock opened at $0.94 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 2.45. The business’s 50 day moving average price is $1.33 and its two-hundred day moving average price is $1.60. Lion Electric has a fifty-two week low of $0.88 and a fifty-two week high of $2.68. The company has a market capitalization of $213.63 million, a price-to-earnings ratio of -2.05 and a beta of 2.00.

Lion Electric (NYSE:LEV) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The company had revenue of $60.43 million during 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%. As a group, analysts forecast that Lion Electric will post -0.25 earnings per share for the current fiscal year.

Institutional Trading of Lion Electric

Institutional investors have recently added to or reduced their stakes in the company. Alpine Global Management LLC bought a new stake in Lion Electric in the third quarter worth about $34,000. Cambridge Investment Research Advisors Inc. lifted its stake in Lion Electric by 50.0% in 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 lifted its stake in Lion Electric by 59.2% in the third quarter. Lake Street Financial LLC now owns 60,265 shares of the company’s stock worth $115,000 after purchasing an additional 22,400 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in 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 worth $366,000 after purchasing an additional 16,683 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Lion Electric by 7.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 250,935 shares of the company’s stock worth $479,000 after purchasing an additional 16,356 shares during the last quarter. Institutional investors own 52.73% of the company’s stock.

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.