Lavoro Limited (NASDAQ:LVRO – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $5.25, but opened at $5.60. Lavoro shares last traded at $5.60, with a volume of 140 shares.
Analyst Ratings Changes
LVRO has been the topic of several research reports. Oppenheimer decreased their price target on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Canaccord Genuity Group raised Lavoro to a “strong-buy” rating in a report on Friday, July 19th. Canaccord Genuity Group reiterated a “buy” rating and set a $8.50 price objective on shares of Lavoro in a research report on Friday, July 19th. Finally, Barclays dropped their target price on Lavoro from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lavoro has an average rating of “Buy” and an average target price of $8.88.
Read Our Latest Research Report on LVRO
Lavoro Price Performance
Lavoro (NASDAQ:LVRO – Get Free Report) last announced its quarterly earnings results on Monday, June 3rd. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.56). The business had revenue of $514.23 million during the quarter, compared to analyst estimates of $643.60 million. Lavoro had a negative net margin of 5.10% and a negative return on equity of 19.64%. As a group, equities research analysts forecast 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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