Lion Electric (NYSE:LEV) PT Lowered to $3.00

Lion Electric (NYSE:LEV – Get Rating) had its price objective decreased by National Bankshares from $3.50 to $3.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. B. Riley reduced their price target on shares of Lion Electric from $5.00 to $4.00 in a research report on Wednesday, December 14th. DA Davidson reduced their price target on shares of Lion Electric from $5.00 to $4.00 and set a buy rating on the stock in a research report on Monday. Raymond James reduced their price target on shares of Lion Electric from $5.00 to $4.50 and set a market perform rating on the stock in a research report on Monday, November 14th. Barclays initiated coverage on shares of Lion Electric in a research report on Tuesday, February 14th. They set an equal weight rating and a $3.00 price target on the stock. Finally, Northland Securities initiated coverage on shares of Lion Electric in a research report on Tuesday, December 27th. They set an outperform rating and a $5.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $5.60.

Lion Electric Trading Up 3.3 %

Shares of LEV stock opened at $2.18 on Monday. The stock has a market cap of $424.47 million, a price-to-earnings ratio of 24.22 and a beta of 2.16. The company has a quick ratio of 1.37, a current ratio of 3.18 and a debt-to-equity ratio of 0.12. Lion Electric has a fifty-two week low of $1.83 and a fifty-two week high of $9.21. The firm’s 50 day moving average price is $2.37 and its two-hundred day moving average price is $2.74.

Institutional Trading of Lion Electric

Several institutional investors have recently added to or reduced their stakes in the stock. Power Corp of Canada raised its holdings in Lion Electric by 14.6% in the fourth quarter. Power Corp of Canada now owns 77,143,685 shares of the company’s stock valued at $172,802,000 after acquiring an additional 9,842,519 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Lion Electric by 69.2% in the third quarter. Renaissance Technologies LLC now owns 855,000 shares of the company’s stock valued at $2,436,000 after acquiring an additional 349,800 shares in the last quarter. Marshall Wace LLP raised its holdings in Lion Electric by 2,691.8% in the third quarter. Marshall Wace LLP now owns 775,613 shares of the company’s stock valued at $2,218,000 after acquiring an additional 747,831 shares in the last quarter. Richelieu Gestion PLC raised its holdings in Lion Electric by 65.5% in the third quarter. Richelieu Gestion PLC now owns 490,979 shares of the company’s stock valued at $1,404,000 after acquiring an additional 194,279 shares in the last quarter. Finally, State Street Corp acquired a new stake in Lion Electric in the second quarter valued at $1,517,000. 43.71% of the stock is owned by institutional investors and hedge funds.

About Lion Electric

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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.