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

The Lion Electric Company (NYSE:LEVGet Rating) has received an average recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.41.

Several analysts have commented on LEV shares. DA Davidson decreased their target price on shares of Lion Electric to $5.00 in a research report on Wednesday, November 16th. Raymond James decreased their target price on shares of Lion Electric from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Monday, November 14th. National Bankshares decreased their target price on shares of Lion Electric from $9.00 to $4.50 and set an “outperform” rating for the company in a research report on Friday, November 4th. Canaccord Genuity Group downgraded shares of Lion Electric from a “buy” rating to a “hold” rating and decreased their target price for the stock from $8.00 to $2.50 in a research report on Friday, October 21st. Finally, B. Riley initiated coverage on shares of Lion Electric in a research report on Tuesday, September 27th. They issued a “buy” rating and a $5.00 target price for the company.

Lion Electric Stock Performance

Shares of LEV opened at $2.91 on Wednesday. The company’s 50 day moving average price is $3.00 and its 200 day moving average price is $4.17. Lion Electric has a 52 week low of $2.36 and a 52 week high of $11.61. The company has a market capitalization of $566.61 million, a PE ratio of 11.64 and a beta of 2.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 3.18.

Hedge Funds Weigh In On Lion Electric

Several large investors have recently bought and sold shares of the stock. Shell Asset Management Co. raised its stake in Lion Electric by 40.7% during the 2nd quarter. Shell Asset Management Co. now owns 6,774 shares of the company’s stock valued at $28,000 after purchasing an additional 1,959 shares during the last quarter. CIBC Asset Management Inc raised its stake in Lion Electric by 2.4% during the 1st quarter. CIBC Asset Management Inc now owns 89,598 shares of the company’s stock valued at $753,000 after purchasing an additional 2,114 shares during the last quarter. Wolverine Asset Management LLC raised its stake in Lion Electric by 11.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 23,080 shares of the company’s stock valued at $97,000 after purchasing an additional 2,451 shares during the last quarter. Vanguard Group Inc. raised its stake in Lion Electric by 17.5% during the 1st quarter. Vanguard Group Inc. now owns 34,022 shares of the company’s stock valued at $285,000 after purchasing an additional 5,061 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Lion Electric by 17.3% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 36,775 shares of the company’s stock valued at $105,000 after purchasing an additional 5,419 shares during the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

About Lion Electric

(Get Rating)

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.

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Analyst Recommendations for Lion Electric (NYSE:LEV)

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