Lavoro (NASDAQ:LVRO) Stock Price Up 4.1%

Lavoro Limited (NASDAQ:LVRO)’s stock price shot up 4.1% on Wednesday . The company traded as high as $5.57 and last traded at $5.57. 360 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 25,595 shares. The stock had previously closed at $5.35.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Oppenheimer cut their price objective on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. Canaccord Genuity Group reissued a “buy” rating and set a $8.50 price target on shares of Lavoro in a report on Friday, July 19th. Barclays lowered 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. Finally, Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $8.88.

Lavoro Stock Performance

The stock’s 50 day moving average price is $5.51 and its two-hundred day moving average price is $6.40. The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $608.69 million, a price-to-earnings ratio of -6.30 and a beta of 0.21.

Lavoro (NASDAQ:LVRO) last issued its earnings results on Monday, June 3rd. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.56). Lavoro had a negative return on equity of 19.64% and a negative net margin of 5.10%. The company had revenue of $514.23 million for the quarter, compared to analyst estimates of $643.60 million. On average, analysts forecast that Lavoro Limited will post -1.08 EPS for the current 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.