Lavoro (NASDAQ:LVRO) Given Hold Rating at Canaccord Genuity Group

Lavoro (NASDAQ:LVRO - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Monday,Benzinga reports. They currently have a $2.25 target price on the stock, down from their prior target price of $5.50. Canaccord Genuity Group's price target suggests a potential upside of 6.38% from the company's previous close.

LVRO has been the topic of a number of other research reports. Barclays reissued an "underweight" rating and set a $1.50 target price (down previously from $5.00) on shares of Lavoro in a research report on Wednesday, May 14th. Oppenheimer reaffirmed an "underperform" rating on shares of Lavoro in a report on Thursday, June 5th. Finally, UBS Group set a $5.00 price target on Lavoro in a research note on Tuesday, April 22nd.

Lavoro Trading Down 1.6%

LVRO traded down $0.04 during trading on Monday, hitting $2.12. 8,509 shares of the stock were exchanged, compared to its average volume of 7,863. Lavoro has a 1 year low of $2.04 and a 1 year high of $5.80. The firm has a market cap of $246.63 million, a price-to-earnings ratio of -1.30 and a beta of 0.55. The firm has a 50 day simple moving average of $2.63 and a 200 day simple moving average of $3.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.66 and a current ratio of 0.95.

Institutional Trading of Lavoro

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp grew its holdings in Lavoro Limited (NASDAQ:LVRO - Free Report) by 73.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,488 shares of the company's stock after buying an additional 10,826 shares during the period. Northern Trust Corp's holdings in Lavoro were worth $122,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 2.47% of the company's stock.

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.

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