The Lion Electric Company (TSE:LEV - Free Report) - Stock analysts at Desjardins reduced their FY2024 EPS estimates for shares of Lion Electric in a research note issued to investors on Thursday, November 7th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of ($0.62) per share for the year, down from their previous forecast of ($0.52). Desjardins has a "Hold" rating and a $1.00 price objective 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 analysts have also issued reports about the stock. DA Davidson lowered shares of Lion Electric from a "strong-buy" rating to a "hold" rating in a report on Monday, August 12th. Roth Capital downgraded Lion Electric from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 31st. CIBC decreased their price objective on Lion Electric from C$1.15 to C$0.65 and set a "neutral" rating for the company in a report on Thursday, August 1st. Finally, National Bankshares decreased their price objective on Lion Electric from C$1.00 to C$0.80 and set an "underperform" rating for the company in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$0.82.
View Our Latest Analysis on LEV
Lion Electric Trading Up 12.5 %
Shares of LEV stock traded up C$0.06 on Monday, hitting C$0.54. 721,486 shares of the stock traded hands, compared to its average volume of 321,832. The stock has a market capitalization of C$122.16 million, a PE ratio of -0.77 and a beta of 2.59. Lion Electric has a twelve month low of C$0.44 and a twelve month high of C$2.67. The firm's 50-day moving average price is C$0.92 and its two-hundred day moving average price is C$1.12. The company has a debt-to-equity ratio of 118.61, a quick ratio of 1.33 and a current ratio of 2.49.
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. 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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