Lavoro (NASDAQ:LVRO) Upgraded at Barclays

Barclays upgraded shares of Lavoro (NASDAQ:LVRO) from an equal weight rating to an overweight rating in a report published on Tuesday, MarketBeat reports. The brokerage currently has $5.00 price target on the stock, down from their previous price target of $6.00.

Separately, Oppenheimer reduced their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

Lavoro Trading Up 1.3 %

LVRO opened at $3.81 on Tuesday. The stock has a 50-day moving average of $4.64 and a 200 day moving average of $4.67. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. Lavoro has a 12 month low of $3.06 and a 12 month high of $8.33. The firm has a market cap of $444.28 million, a P/E ratio of -2.82 and a beta of 0.31.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. The firm had revenue of $271.10 million during the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. As a group, research analysts forecast that Lavoro will post -1.32 EPS 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.