Canaccord Genuity Group Cuts Lavoro (NASDAQ:LVRO) Price Target to $5.50

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

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

Lavoro Stock Up 1.8 %

LVRO opened at $4.62 on Tuesday. The company has a market capitalization of $538.74 million, a PE ratio of -3.42 and a beta of 0.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. Lavoro has a fifty-two week low of $3.06 and a fifty-two week high of $8.25. The business has a 50-day moving average of $4.53 and a 200-day moving average of $4.60.

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