Oppenheimer Lowers Lavoro (NASDAQ:LVRO) Price Target to $7.00

Lavoro (NASDAQ:LVRO) had its price objective cut by stock analysts at Oppenheimer from $9.00 to $7.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 71.15% from the company’s current price.

A number of other research firms have also recently issued reports on LVRO. Canaccord Genuity Group upgraded shares of Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.50 price target on shares of Lavoro in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $8.38.

Lavoro Stock Performance

NASDAQ LVRO opened at $4.09 on Monday. The firm has a 50-day moving average of $4.44 and a 200-day moving average of $5.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.01. The stock has a market cap of $476.93 million, a PE ratio of -4.87 and a beta of 0.17. Lavoro has a 52-week low of $3.42 and a 52-week high of $9.00.

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.