Lavoro (NASDAQ:LVRO) Stock Rating Upgraded by Barclays

Lavoro (NASDAQ:LVRO) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage presently has a $5.00 target price on the stock, down from their prior target price of $6.00. Barclays‘s price objective suggests a potential upside of 32.98% from the company’s previous close.

Separately, Oppenheimer decreased their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

Lavoro Stock Performance

NASDAQ:LVRO opened at $3.76 on Tuesday. Lavoro has a 52-week low of $3.06 and a 52-week high of $8.33. The business’s fifty day moving average is $4.64 and its 200 day moving average is $4.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The firm has a market cap of $438.45 million, a price-to-earnings ratio of -2.79 and a beta of 0.31.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) EPS for the quarter. The business had revenue of $271.10 million for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. Research analysts predict that Lavoro will post -1.32 EPS for the current year.

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.