Oppenheimer Cuts Lavoro (NASDAQ:LVRO) Price Target to $5.00

Lavoro (NASDAQ:LVRO - Free Report) had its price objective cut by Oppenheimer from $6.00 to $5.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms also recently commented on LVRO. Canaccord Genuity Group reduced their price target on shares of Lavoro from $6.25 to $5.50 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Barclays raised Lavoro from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Stock Down 1.3 %

Lavoro stock traded down $0.04 during trading on Tuesday, reaching $2.89. The stock had a trading volume of 246 shares, compared to its average volume of 7,860. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.13. Lavoro has a 52-week low of $2.72 and a 52-week high of $7.00. The stock has a market cap of $337.12 million, a PE ratio of -1.77 and a beta of 0.55. The business has a 50 day moving average price of $3.69 and a 200 day moving average price of $4.24.

Lavoro (NASDAQ:LVRO - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative return on equity of 57.56% and a negative net margin of 10.39%. On average, analysts predict that Lavoro will post -1.84 EPS for the current year.

Institutional Trading of Lavoro

A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC bought a new position in shares of Lavoro Limited (NASDAQ:LVRO - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 10,069 shares of the company's stock, valued at approximately $48,000. Institutional investors own 2.47% of the company's stock.

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.