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

Roth Mkm reissued their buy rating on shares of Lion Electric (NYSE:LEV) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $2.50 price target on the stock, down from their previous price target of $5.00.

Other equities analysts have also issued reports about the company. Desjardins lowered Lion Electric from a buy rating to a hold rating and decreased their price objective for the company from $4.00 to $2.50 in a research report on Friday, March 1st. CIBC decreased their price objective on Lion Electric from $1.70 to $1.40 and set a neutral rating for the company in a research report on Monday, April 22nd. DA Davidson decreased their price objective on Lion Electric from $4.00 to $3.50 and set a buy rating for the company in a research report on Tuesday, March 5th. Finally, National Bankshares decreased their price objective on Lion Electric from $2.25 to $1.75 and set a sector perform rating for the company in a research report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $2.34.

Lion Electric Stock Up 3.5 %

Shares of NYSE:LEV opened at $0.94 on Tuesday. Lion Electric has a 52 week low of $0.88 and a 52 week high of $2.68. 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 company’s fifty day moving average is $1.33 and its 200-day moving average is $1.60. The company has a market capitalization of $213.63 million, a PE ratio of -2.05 and a beta of 2.00.

Lion Electric (NYSE:LEV) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The firm had revenue of $60.43 million for 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%. Equities research analysts predict that Lion Electric will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. bought a new stake in shares of Lion Electric in the fourth quarter valued at $28,000. Alpine Global Management LLC bought a new stake in shares of Lion Electric in the third quarter valued at $34,000. Barclays PLC bought a new stake in shares of Lion Electric in the second quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Lion Electric by 75.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company’s stock valued at $52,000 after buying an additional 12,712 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Lion Electric by 50.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,829 shares of the company’s stock valued at $61,000 after buying an additional 10,610 shares during the period. Hedge funds and other institutional investors own 52.73% of the company’s stock.

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.