Lion Electric (TSE:LEV – Get Free Report) had its target price decreased by equities research analysts at Desjardins from C$1.50 to C$1.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ target price suggests a potential upside of 12.36% from the company’s previous close.
A number of other brokerages have also recently issued reports on LEV. CIBC dropped their target price on Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating for the company in a report on Thursday. National Bankshares reduced their price target on Lion Electric from C$1.00 to C$0.80 and set an “underperform” rating on the stock in a research report on Thursday. National Bank Financial cut shares of Lion Electric from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a research report on Wednesday, May 8th. Finally, B. Riley upgraded shares of Lion Electric to a “strong-buy” rating in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$0.82.
Lion Electric Stock Performance
Lion Electric (TSE:LEV – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.10) by C$0.08. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 28.75%. The business had revenue of C$74.80 million for the quarter, compared to analyst estimates of C$97.28 million. On average, equities analysts anticipate that Lion Electric will post -0.48 earnings per share 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.
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