Shares of Lavoro Limited (NASDAQ:LVRO – Get Free Report) fell 2.7% on Friday . The stock traded as low as $4.76 and last traded at $4.76. 506 shares changed hands during trading, a decline of 98% from the average session volume of 22,726 shares. The stock had previously closed at $4.89.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Oppenheimer cut their price target on Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Barclays decreased their price objective on shares of Lavoro from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.50 target price on shares of Lavoro in a research report on Friday, July 19th. Finally, Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a report on Friday, July 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $8.88.
Read Our Latest Analysis on Lavoro
Lavoro Price Performance
Lavoro (NASDAQ:LVRO – Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $514.23 million during the quarter, compared to the consensus estimate of $643.60 million. Lavoro had a negative return on equity of 19.64% and a negative net margin of 5.10%. As a group, sell-side analysts expect that Lavoro Limited will post -1.08 earnings per share 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.
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