Shares of Lavoro Limited (NASDAQ:LVRO – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $4.89, but opened at $5.15. Lavoro shares last traded at $4.82, with a volume of 831 shares trading hands.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Canaccord Genuity Group raised Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. Barclays lowered their price target on Lavoro from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Oppenheimer lowered 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. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $8.50 price objective on shares of Lavoro in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $8.88.
Check Out Our Latest Report on LVRO
Lavoro Price Performance
Lavoro (NASDAQ:LVRO – Get Free Report) last issued its quarterly earnings data on Monday, June 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $514.23 million during the quarter, compared to analyst estimates of $643.60 million. As a group, research analysts anticipate that Lavoro Limited will post -1.08 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.
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