The Lion Electric Company (NYSE:LEV – Get 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
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. 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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