Lavoro Limited (NASDAQ:LVRO – Get Free Report)’s stock price traded up 4.1% on Wednesday . The stock traded as high as $5.57 and last traded at $5.57. 360 shares traded hands during trading, a decline of 99% from the average session volume of 25,595 shares. The stock had previously closed at $5.35.
Wall Street Analyst Weigh In
LVRO has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded shares of Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. Oppenheimer cut their target price on Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.50 price target on shares of Lavoro in a research report on Friday, July 19th. Finally, Barclays cut their price objective on Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. One 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 company. According to MarketBeat.com, Lavoro presently has a consensus rating of “Buy” and an average price target of $8.88.
View Our Latest Research Report on Lavoro
Lavoro Price Performance
Lavoro (NASDAQ:LVRO – Get Free Report) last announced its quarterly earnings results on Monday, June 3rd. The company reported ($0.52) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $643.60 million. As a group, analysts predict that Lavoro Limited will post -1.08 earnings per share 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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