Lavoro (NASDAQ:LVRO) Raised to Overweight at Barclays

Lavoro (NASDAQ:LVRO) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, Marketbeat reports. The brokerage presently has a $5.00 price objective on the stock, down from their prior price objective of $6.00. Barclays‘s target price suggests a potential upside of 49.03% from the stock’s current price.

Separately, Oppenheimer cut their target price on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

Lavoro Stock Up 7.5 %

Shares of NASDAQ LVRO opened at $3.36 on Tuesday. Lavoro has a 1 year low of $3.06 and a 1 year high of $8.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. The firm has a market cap of $391.23 million, a PE ratio of -2.49 and a beta of 0.31. The company has a 50 day simple moving average of $4.70 and a 200 day simple moving average of $4.70.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. The business had revenue of $271.10 million for the quarter. On average, research analysts forecast that Lavoro will post -1.32 EPS for the current 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.