Lavoro (NASDAQ:LVRO) Cut to Hold at Canaccord Genuity Group

Lavoro (NASDAQ:LVRO - Get Free Report) was downgraded by equities research analysts at Canaccord Genuity Group from a "strong-buy" rating to a "hold" rating in a research note issued on Monday, MarketBeat.com reports. They currently have a $2.25 price objective on the stock, down from their prior price objective of $5.50. Canaccord Genuity Group's target price points to a potential upside of 7.91% from the company's current price.

A number of other research analysts have also recently commented on LVRO. UBS Group set a $5.00 price target on Lavoro in a research report on Tuesday, April 22nd. Barclays reissued an "underweight" rating and set a $1.50 price objective (down previously from $5.00) on shares of Lavoro in a report on Wednesday, May 14th. Finally, Oppenheimer restated an "underperform" rating on shares of Lavoro in a research note on Thursday, June 5th.

Lavoro Stock Performance

Shares of NASDAQ LVRO traded down $0.17 during mid-day trading on Monday, reaching $2.09. 10,114 shares of the company's stock were exchanged, compared to its average volume of 7,878. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.66. The firm has a market capitalization of $243.13 million, a price-to-earnings ratio of -1.28 and a beta of 0.55. Lavoro has a 52 week low of $1.94 and a 52 week high of $5.80. The firm has a 50-day moving average price of $2.57 and a two-hundred day moving average price of $3.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC purchased a new stake in Lavoro Limited (NASDAQ:LVRO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,069 shares of the company's stock, valued at approximately $48,000. Institutional investors and hedge funds own 2.47% of the company's stock.

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.