Lavoro (NASDAQ:LVRO) Price Target Cut to $5.50 by Analysts at Canaccord Genuity Group

Lavoro (NASDAQ:LVRO) had its target price decreased by Canaccord Genuity Group from $6.25 to $5.50 in a research note issued to investors on Tuesday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on LVRO. Barclays raised shares of Lavoro from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st. Oppenheimer decreased their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st.

Lavoro Trading Up 1.1 %

Lavoro stock opened at $4.46 on Tuesday. Lavoro has a 12-month low of $3.06 and a 12-month high of $8.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. The stock has a market capitalization of $520.07 million, a PE ratio of -3.30 and a beta of 0.32. The firm has a 50 day simple moving average of $4.54 and a 200-day simple moving average of $4.60.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. As a group, equities research analysts expect that Lavoro will post -1 EPS for the current fiscal year.

About Lavoro

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.