Lavoro Limited (NASDAQ:LVRO – Get Free Report) shares gapped down prior to trading on Tuesday after Barclays lowered their price target on the stock from $7.00 to $6.00. The stock had previously closed at $6.47, but opened at $5.75. Barclays currently has an equal weight rating on the stock. Lavoro shares last traded at $5.75, with a volume of 2,731 shares.
Separately, Oppenheimer decreased their price target on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday.
Lavoro Stock Performance
The company has a market cap of $650.68 million, a PE ratio of -5.69 and a beta of 0.24. The company has a current ratio of 1.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $5.94 and its two-hundred day moving average is $6.98.
Lavoro (NASDAQ:LVRO – Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.10). Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. The business had revenue of $618.96 million for the quarter, compared to the consensus estimate of $626.10 million. On average, equities research analysts anticipate that Lavoro Limited will post -0.35 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.