Lavoro (NASDAQ:LVRO) Shares Gap Down to $4.41

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.41, but opened at $4.27. Lavoro shares last traded at $4.66, with a volume of 973 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer dropped their price target on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Canaccord Genuity Group raised shares of Lavoro to a “strong-buy” rating in a report on Friday, July 19th. Barclays lowered their target price on Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $8.50 price target on shares of Lavoro in a report on Friday, July 19th. One 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $8.88.

Lavoro Trading Up 1.0 %

The company’s 50 day simple moving average is $5.00 and its two-hundred day simple moving average is $5.52. The company has a market cap of $488.59 million, a PE ratio of -4.99 and a beta of 0.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 0.77.

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.