Canaccord Genuity Group Lowers Lavoro (NASDAQ:LVRO) Price Target to $5.50

Lavoro (NASDAQ:LVRO) had its price target lowered by Canaccord Genuity Group from $6.25 to $5.50 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st. Oppenheimer reduced their target price on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, October 21st.

Lavoro Stock Performance

Shares of LVRO stock opened at $4.46 on Tuesday. The stock’s fifty day simple moving average is $4.54 and its 200-day simple moving average is $4.60. The company has a market capitalization of $520.07 million, a price-to-earnings ratio of -3.30 and a beta of 0.32. 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 1-year low of $3.06 and a 1-year high of $8.25.

Lavoro (NASDAQ:LVRO) last issued its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. On average, sell-side analysts predict that Lavoro will post -1 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.