Lavoro (NASDAQ:LVRO) Price Target Cut to $7.00 by Analysts at Oppenheimer

Lavoro (NASDAQ:LVRO - Free Report) had its price objective reduced by Oppenheimer from $9.00 to $7.00 in a research report report published on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

LVRO has been the subject of several other research reports. Canaccord Genuity Group raised Lavoro to a "strong-buy" rating in a research note on Friday, July 19th. Canaccord Genuity Group restated a "buy" rating and issued a $8.50 price objective on shares of Lavoro in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $8.38.

Lavoro Price Performance

NASDAQ:LVRO traded down $0.29 during mid-day trading on Monday, hitting $4.03. 7,772 shares of the stock traded hands, compared to its average volume of 20,317. The business's 50-day moving average price is $4.48 and its 200 day moving average price is $5.20. The company has a quick ratio of 0.77, a current ratio of 1.01 and a debt-to-equity ratio of 0.09. The company has a market cap of $469.94 million, a PE ratio of -5.02 and a beta of 0.17. Lavoro has a 12-month low of $3.42 and a 12-month high of $9.00.

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.