Lavoro (NASDAQ:LVRO) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Lavoro (NASDAQ:LVRO) in a research note published on Friday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a $8.50 price target on the stock.

Other analysts have also issued research reports about the company. Barclays cut their price objective on Lavoro from $7.00 to $6.00 and set an equal weight rating for the company in a report on Tuesday, June 4th. Oppenheimer cut their price target on Lavoro from $11.00 to $9.00 and set an outperform rating for the company in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $8.88.

Lavoro Stock Performance

Shares of NASDAQ LVRO opened at $5.35 on Friday. The firm’s 50-day moving average price is $5.54 and its 200-day moving average price is $6.48. Lavoro has a 52-week low of $4.75 and a 52-week high of $9.00. The company has a quick ratio of 0.77, a current ratio of 1.01 and a debt-to-equity ratio of 0.09.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Monday, June 3rd. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.56). Lavoro had a negative net margin of 5.10% and a negative return on equity of 19.64%. The company had revenue of $514.23 million for the quarter, compared to the consensus estimate of $643.60 million. As a group, equities analysts predict that Lavoro will post -1.08 earnings per share for the current 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.