Lavoro (NASDAQ:LVRO) Price Target Cut to $7.00 by Analysts at Oppenheimer

Lavoro (NASDAQ:LVRO) had its price objective lowered by research analysts at Oppenheimer from $9.00 to $7.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 65.88% from the company’s previous close.

Several other research firms also recently commented on LVRO. Canaccord Genuity Group reissued a “buy” rating and set a $8.50 target price on shares of Lavoro in a research report on Friday, July 19th. Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $8.38.

Lavoro Stock Down 2.3 %

LVRO stock traded down $0.10 during trading hours on Monday, hitting $4.22. The company’s stock had a trading volume of 2,542 shares, compared to its average volume of 20,289. The stock has a 50 day moving average price of $4.48 and a two-hundred day moving average price of $5.20. Lavoro has a 12 month low of $3.42 and a 12 month high of $9.00. The company has a market capitalization of $492.09 million, a PE ratio of -5.02 and a beta of 0.17. The company has a quick ratio of 0.77, a current ratio of 1.01 and a debt-to-equity ratio of 0.09.

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.