The Lion Electric Company (TSE:LEV - Free Report) - Research analysts at Desjardins reduced their FY2024 earnings estimates for shares of Lion Electric in a research note issued to investors on Thursday, November 7th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of ($0.62) for the year, down from their prior forecast of ($0.52). Desjardins has a "Hold" rating and a $1.00 price target on the stock. The consensus estimate for Lion Electric's current full-year earnings is ($0.48) per share. Desjardins also issued estimates for Lion Electric's Q4 2024 earnings at ($0.14) EPS and FY2025 earnings at ($0.24) EPS.
Other equities analysts also recently issued reports about the stock. National Bankshares dropped their price objective on shares of Lion Electric from C$1.00 to C$0.80 and set an "underperform" rating on the stock in a research note on Thursday, August 1st. CIBC dropped their price objective on Lion Electric from C$1.15 to C$0.65 and set a "neutral" rating on the stock in a research report on Thursday, August 1st. DA Davidson downgraded shares of Lion Electric from a "strong-buy" rating to a "hold" rating in a report on Monday, August 12th. Finally, Roth Capital cut shares of Lion Electric from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$0.82.
Read Our Latest Analysis on Lion Electric
TSE:LEV opened at C$0.48 on Monday. The company has a debt-to-equity ratio of 118.61, a current ratio of 2.49 and a quick ratio of 1.33. The firm has a market cap of C$108.59 million, a PE ratio of -0.68 and a beta of 2.59. The company has a 50-day moving average of C$0.92 and a 200 day moving average of C$1.12. Lion Electric has a 1-year low of C$0.44 and a 1-year high of C$2.67.
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.
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