Lavoro (NASDAQ:LVRO) Shares Gap Down to $4.95

Lavoro Limited (NASDAQ:LVRO)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $4.95, but opened at $4.76. Lavoro shares last traded at $4.77, with a volume of 417 shares.

Analyst Upgrades and Downgrades

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

Lavoro Stock Performance

The stock’s 50 day moving average is $5.17 and its two-hundred day moving average is $5.73. The firm has a market capitalization of $541.06 million, a P/E ratio of -5.52 and a beta of 0.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 0.77.

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