Lion Electric (NYSE:LEV) Given New $2.00 Price Target at Roth Mkm

Lion Electric (NYSE:LEV) had its target price reduced by stock analysts at Roth Mkm from $2.50 to $2.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 102.02% from the company’s current price.

LEV has been the subject of a number of other reports. Desjardins downgraded Lion Electric from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $4.00 to $2.50 in a research report on Friday, March 1st. CIBC dropped their price objective on shares of Lion Electric from $1.70 to $1.40 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. National Bankshares reduced 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 report on Friday, March 1st. Finally, DA Davidson lowered their target price on shares of Lion Electric from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.28.

Lion Electric Stock Down 4.8 %

Shares of LEV opened at $0.99 on Thursday. Lion Electric has a 52-week low of $0.88 and a 52-week high of $2.68. The company has a market capitalization of $223.92 million, a PE ratio of -2.15 and a beta of 2.12. The stock has a fifty day simple moving average of $1.21 and a two-hundred day simple moving average of $1.55. The company has a quick ratio of 0.73, a current ratio of 2.45 and a debt-to-equity ratio of 0.62.

Lion Electric (NYSE:LEV) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $60.43 million for the quarter, compared to analyst estimates of $93.39 million. Lion Electric had a negative return on equity of 22.01% and a negative net margin of 40.93%. As a group, equities analysts forecast that Lion Electric will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Lion Electric by 50.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 31,829 shares of the company’s stock valued at $61,000 after acquiring an additional 10,610 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Lion Electric by 7.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 250,935 shares of the company’s stock valued at $479,000 after purchasing an additional 16,356 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Lion Electric by 9.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 191,436 shares of the company’s stock valued at $366,000 after purchasing an additional 16,683 shares during the last quarter. Alpine Global Management LLC acquired a new stake in shares of Lion Electric in the 3rd quarter valued at about $34,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Lion Electric by 75.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,599 shares of the company’s stock worth $52,000 after buying an additional 12,712 shares during the period. Institutional investors and hedge funds 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.