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

Lavoro (NASDAQ:LVRO) had its price objective decreased by Oppenheimer from $6.00 to $5.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on LVRO. Canaccord Genuity Group decreased their target price on Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st.

Lavoro Price Performance

Shares of NASDAQ LVRO opened at $2.93 on Tuesday. Lavoro has a twelve month low of $2.72 and a twelve month high of $7.00. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $3.69 and a two-hundred day moving average of $4.24. The company has a market capitalization of $341.67 million, a price-to-earnings ratio of -1.80 and a beta of 0.55.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp increased its position in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,488 shares of the company’s stock after purchasing an additional 10,826 shares during the quarter. Northern Trust Corp’s holdings in Lavoro were worth $122,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.47% of the company’s stock.

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.