Lavoro (NASDAQ:LVRO) Trading 3.9% Higher

Shares of Lavoro Limited (NASDAQ:LVRO) rose 3.9% during mid-day trading on Friday . The stock traded as high as $4.31 and last traded at $4.31. Approximately 501 shares were traded during trading, a decline of 98% from the average daily volume of 21,412 shares. The stock had previously closed at $4.15.

Analyst Ratings Changes

Several research firms have weighed in on LVRO. Oppenheimer lowered their target price on Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Canaccord Genuity Group reiterated a “buy” rating and issued a $8.50 price target on shares of Lavoro in a research report on Friday, July 19th. Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a report on Friday, July 19th. Finally, Barclays lowered their price target on shares of Lavoro from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $8.88.

Lavoro Trading Down 1.2 %

The business’s 50-day moving average price is $5.02 and its 200 day moving average price is $5.54. The firm has a market capitalization of $478.09 million, a price-to-earnings ratio of -4.94 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.

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.