Canaccord Genuity Group Issues Pessimistic Forecast for Lavoro (NASDAQ:LVRO) Stock Price

Lavoro (NASDAQ:LVRO) had its price target lowered by equities research analysts at Canaccord Genuity Group from $6.25 to $5.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 21.15% from the company’s current price.

A number of other equities research analysts have also weighed in on LVRO. Barclays upgraded shares of Lavoro from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $6.00 to $5.00 in a report on Tuesday, January 21st. Oppenheimer decreased their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, October 21st.

Lavoro Stock Up 1.8 %

Shares of NASDAQ:LVRO opened at $4.54 on Tuesday. The firm has a market capitalization of $529.41 million, a PE ratio of -3.36 and a beta of 0.32. The business has a 50 day simple moving average of $4.53 and a two-hundred day simple moving average of $4.60. Lavoro has a 1 year low of $3.06 and a 1 year high of $8.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. On average, equities analysts predict that Lavoro will post -1 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.