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

The Lion Electric Company (TSE:LEV) has received an average recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a strong 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 C$0.82.

A number of analysts have commented on LEV shares. B. Riley upgraded Lion Electric to a “strong-buy” rating in a research report on Tuesday, June 25th. Desjardins decreased their target price on shares of Lion Electric from C$1.50 to C$1.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. CIBC dropped their price target on shares of Lion Electric from C$1.15 to C$0.65 and set a “neutral” rating for the company in a research report on Thursday, August 1st. 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. Finally, Roth Capital cut shares of Lion Electric from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 31st.

Lion Electric Price Performance

Shares of TSE:LEV opened at C$0.85 on Friday. The business has a 50-day simple moving average of C$1.30 and a two-hundred day simple moving average of C$1.65. The company has a debt-to-equity ratio of 104.69, a quick ratio of 1.33 and a current ratio of 2.65. The firm has a market cap of C$192.29 million, a price-to-earnings ratio of -1.27 and a beta of 2.74. Lion Electric has a fifty-two week low of C$0.79 and a fifty-two week high of C$3.15.

Lion Electric (TSE:LEV) last announced its earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.10) by C$0.08. The business had revenue of C$74.80 million for the quarter, compared to analysts’ expectations of C$97.28 million. Lion Electric had a negative return on equity of 28.75% and a negative net margin of 43.21%. On average, analysts expect 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.