Lavoro Limited (NASDAQ:LVRO - Get Free Report) shares saw strong trading volume on Tuesday . 58,378 shares changed hands during mid-day trading, an increase of 193% from the previous session's volume of 19,895 shares.The stock last traded at $4.57 and had previously closed at $4.46.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on LVRO shares. Canaccord Genuity Group reissued a "buy" rating and set a $8.50 price objective on shares of Lavoro in a research report on Friday, July 19th. Canaccord Genuity Group raised Lavoro to a "strong-buy" rating in a research report on Friday, July 19th. Finally, 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. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lavoro currently has an average rating of "Buy" and a consensus target price of $8.38.
Check Out Our Latest Analysis on LVRO
Lavoro Stock Down 0.4 %
The stock's fifty day moving average price is $4.30 and its 200-day moving average price is $5.07. The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.
About Lavoro
(
Get Free Report)
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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