The Lion Electric Company (NYSE:LEV – Get Rating) – Research analysts at Raymond James issued their FY2023 earnings per share (EPS) estimates for shares of Lion Electric in a report issued on Monday, March 13th. Raymond James analyst M. Glen expects that the company will post earnings of ($0.45) per share for the year. Raymond James currently has a “Market Perform” rating and a $2.50 price target on the stock. The consensus estimate for Lion Electric’s current full-year earnings is ($0.33) per share. Raymond James also issued estimates for Lion Electric’s FY2024 earnings at ($0.21) EPS.
Several other equities research analysts have also recently commented on the company. Northland Securities began coverage on Lion Electric in a research note on Tuesday, December 27th. They issued an “outperform” rating and a $5.00 price target for the company. B. Riley lowered their price target on Lion Electric from $5.00 to $4.00 in a research note on Wednesday, December 14th. Barclays began coverage on Lion Electric in a research note on Tuesday, February 14th. They issued an “equal weight” rating and a $3.00 price target for the company. National Bankshares decreased their target price on Lion Electric from $3.50 to $3.00 and set an “outperform” rating for the company in a research report on Monday. Finally, DA Davidson decreased their target price on Lion Electric from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.40.
Lion Electric Trading Down 2.5 %
Institutional Investors Weigh In On Lion Electric
Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank boosted its position in shares of Lion Electric by 575.1% in the second quarter. Toronto Dominion Bank now owns 39,150 shares of the company’s stock valued at $165,000 after acquiring an additional 33,351 shares during the period. Van Hulzen Asset Management LLC bought a new stake in shares of Lion Electric in the third quarter valued at approximately $38,000. Wolverine Asset Management LLC boosted its position in shares of Lion Electric by 21.6% in the third quarter. Wolverine Asset Management LLC now owns 28,065 shares of the company’s stock valued at $80,000 after acquiring an additional 4,985 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of Lion Electric in the third quarter valued at approximately $121,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Lion Electric by 17.3% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 36,775 shares of the company’s stock valued at $105,000 after acquiring an additional 5,419 shares during the period. 43.71% of the stock is owned by institutional investors.
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. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.
- Get a free copy of the StockNews.com research report on Lion Electric (LEV)
- Don’t Miss Out: $2 Trillion Could be Headed to the Banking Sector
- A Weakening Economy Suggests Caution Before Buying Five Below
- Williams-Sonoma: Time To Buy At Rock-Bottom Prices
- Why DraftKings Could Keep Outperforming in 2023
- Charles Schwab And The Safest 30% You Can Make This Year
Receive News & Ratings for Lion Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lion Electric and related companies with MarketBeat.com's FREE daily email newsletter.