Canaccord Genuity Group Has Lowered Expectations for Lavoro (NASDAQ:LVRO) Stock Price

Lavoro (NASDAQ:LVRO - Get Free Report) had its price target cut by equities researchers at Canaccord Genuity Group from $6.25 to $5.50 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 18.66% from the company's current price.

A number of other research firms have also issued reports on LVRO. Oppenheimer reduced their target price on shares of Lavoro from $9.00 to $7.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Barclays raised Lavoro from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $6.00 to $5.00 in a research report on Tuesday, January 21st.

Lavoro Trading Up 0.3 %

Shares of LVRO stock traded up $0.02 during trading hours on Tuesday, hitting $4.64. The company had a trading volume of 347 shares, compared to its average volume of 7,342. 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 stock has a market capitalization of $540.49 million, a PE ratio of -3.43 and a beta of 0.32. Lavoro has a fifty-two week low of $3.06 and a fifty-two week high of $8.25. The company's fifty day moving average is $4.52 and its 200 day moving average is $4.60.

Lavoro (NASDAQ:LVRO - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. Research analysts expect that Lavoro will post -1 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.