Lion Electric (NYSE:LEV) Rating Reiterated by Roth Mkm

Lion Electric (NYSE:LEV)‘s stock had its “buy” rating reiterated by equities research analysts at Roth Mkm in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $2.50 target price on the stock, down from their prior target price of $5.00. Roth Mkm’s price target would indicate a potential upside of 165.36% from the stock’s current price.

A number of other research firms have also issued reports on LEV. DA Davidson reduced 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. Desjardins lowered shares of Lion Electric from a “buy” rating to a “hold” rating and lowered their price target for the stock from $4.00 to $2.50 in a research report on Friday, March 1st. National Bankshares cut their price objective on shares of Lion Electric from $2.25 to $1.75 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. Finally, CIBC cut their price target on Lion Electric from $1.70 to $1.40 and set a “neutral” rating on the stock in a report on Monday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2.34.

Lion Electric Stock Up 1.0 %

LEV stock opened at $0.94 on Tuesday. The firm has a market cap of $213.08 million, a price-to-earnings ratio of -2.05 and a beta of 2.00. Lion Electric has a 1-year low of $0.92 and a 1-year high of $2.68. The firm has a fifty day moving average price of $1.36 and a two-hundred day moving average price of $1.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.45 and a quick ratio of 0.73.

Lion Electric (NYSE:LEV) last released 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). Lion Electric had a negative return on equity of 22.01% and a negative net margin of 40.93%. The business had revenue of $60.43 million for the quarter, compared to analyst estimates of $93.39 million. Research analysts predict that Lion Electric will post -0.25 EPS for the current year.

Hedge Funds Weigh In On Lion Electric

A number of institutional investors have recently bought and sold shares of LEV. Victory Capital Management Inc. acquired a new position in Lion Electric in the 4th quarter worth approximately $28,000. Alpine Global Management LLC purchased a new position in Lion Electric during the third quarter valued at approximately $34,000. Barclays PLC acquired a new stake in shares of Lion Electric during the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $52,000 after acquiring an additional 12,712 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Lion Electric by 50.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,829 shares of the company’s stock worth $61,000 after acquiring an additional 10,610 shares in the last quarter. 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.