Barclays Upgrades Lavoro (NASDAQ:LVRO) to "Overweight"

Lavoro (NASDAQ:LVRO - Get Free Report) was upgraded by equities research analysts at Barclays from an "equal weight" rating to an "overweight" rating in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a $5.00 target price on the stock, down from their prior target price of $6.00. Barclays's price objective would indicate a potential upside of 39.47% from the company's previous close.

Separately, Oppenheimer reduced their price target on Lavoro from $9.00 to $7.00 and set an "outperform" rating for the company in a report on Monday, October 21st.

Lavoro Stock Performance

Lavoro stock traded up $0.27 during mid-day trading on Tuesday, hitting $3.59. The company had a trading volume of 18,767 shares, compared to its average volume of 10,112. The company has a market capitalization of $418.05 million, a price-to-earnings ratio of -2.66 and a beta of 0.31. Lavoro has a 12-month low of $3.06 and a 12-month high of $8.79. The company's fifty day moving average is $4.70 and its 200-day moving average is $4.70. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11.

Lavoro (NASDAQ:LVRO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. The firm had revenue of $271.10 million for the quarter. Equities research analysts predict 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.