Canaccord Genuity Group Has Lowered Expectations for Lavoro (NASDAQ:LVRO) Stock Price

Lavoro (NASDAQ:LVRO) had its price target trimmed by Canaccord Genuity Group from $6.25 to $5.50 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the company. Oppenheimer reduced their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $6.00 to $5.00 in a research report on Tuesday, January 21st.

Lavoro Trading Up 1.8 %

Shares of Lavoro stock opened at $4.62 on Tuesday. The company has a market cap of $538.74 million, a price-to-earnings ratio of -3.42 and a beta of 0.32. Lavoro has a 1 year low of $3.06 and a 1 year high of $8.25. The company’s fifty day simple moving average is $4.53 and its 200-day simple moving average is $4.60. 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 (NASDAQ:LVRO) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. As a group, sell-side analysts expect that Lavoro will post -1 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.