Lavoro Limited (NASDAQ:LVRO – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $5.19, but opened at $4.93. Lavoro shares last traded at $5.12, with a volume of 15,091 shares traded.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Canaccord Genuity Group upgraded shares of Lavoro to a “strong-buy” rating in a research report on Friday, July 19th. Barclays decreased 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. Canaccord Genuity Group reiterated a “buy” rating and set a $8.50 target price on shares of Lavoro in a report on Friday, July 19th. Finally, Oppenheimer dropped their price target 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 investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $8.88.
Check Out Our Latest Report on Lavoro
Lavoro Stock Performance
Lavoro (NASDAQ:LVRO – Get Free Report) last announced its earnings results 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). Lavoro had a negative net margin of 5.10% and a negative return on equity of 19.64%. The firm had revenue of $514.23 million during the quarter, compared to analyst estimates of $643.60 million. Analysts expect 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.
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