Lavoro (NASDAQ:LVRO) Trading 4.1% Higher

Lavoro Limited (NASDAQ:LVRO)’s share price was up 4.1% on Wednesday . The stock traded as high as $5.57 and last traded at $5.57. Approximately 360 shares traded hands during trading, a decline of 99% from the average daily volume of 25,595 shares. The stock had previously closed at $5.35.

Analysts Set New Price Targets

LVRO has been the subject of a number of research analyst reports. Canaccord Genuity Group upgraded shares of Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. Canaccord Genuity Group reissued a “buy” rating and issued a $8.50 price objective on shares of Lavoro in a research note on Friday, July 19th. Barclays decreased their target price on Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Finally, Oppenheimer cut their price target on Lavoro from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $8.88.

Lavoro Stock Down 1.7 %

The company has a market capitalization of $613.37 million, a P/E ratio of -6.37 and a beta of 0.21. The firm’s 50 day moving average price is $5.52 and its two-hundred day moving average price is $6.42. The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings results on Monday, June 3rd. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.56). The company had revenue of $514.23 million for the quarter, compared to analyst estimates of $643.60 million. Lavoro had a negative return on equity of 19.64% and a negative net margin of 5.10%. Equities research analysts forecast that Lavoro Limited will post -1.08 EPS for the current year.

Lavoro Company Profile

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.