Lavoro (NASDAQ:LVRO) Shares Gap Down Following Analyst Downgrade

Shares of Lavoro Limited (NASDAQ:LVROGet Free Report) gapped down prior to trading on Tuesday after Barclays lowered their price target on the stock from $7.00 to $6.00. The stock had previously closed at $6.47, but opened at $5.75. Barclays currently has an equal weight rating on the stock. Lavoro shares last traded at $5.75, with a volume of 2,731 shares trading hands.

Separately, Oppenheimer cut their price objective on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Tuesday.

Get Our Latest Stock Analysis on LVRO

Lavoro Stock Performance

The company has a 50-day moving average of $5.91 and a 200-day moving average of $6.97. The firm has a market capitalization of $650.68 million, a price-to-earnings ratio of -5.69 and a beta of 0.24. The company has a current ratio of 1.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07.

Lavoro (NASDAQ:LVROGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.10). The business had revenue of $618.96 million during the quarter, compared to analyst estimates of $626.10 million. Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. On average, equities research analysts forecast that Lavoro Limited will post -0.35 earnings per share for the current fiscal year.

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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