Lavoro's (LVRO) Underperform Rating Reaffirmed at Oppenheimer

Oppenheimer restated their underperform rating on shares of Lavoro (NASDAQ:LVRO - Free Report) in a report issued on Thursday morning, Marketbeat reports.

Other equities analysts also recently issued reports about the company. Barclays reiterated an "underweight" rating and set a $1.50 target price (down from $5.00) on shares of Lavoro in a research report on Wednesday, May 14th. UBS Group set a $5.00 target price on Lavoro in a research report on Tuesday, April 22nd.

Lavoro Stock Performance

Shares of LVRO stock traded up $0.18 on Thursday, reaching $2.56. The stock had a trading volume of 1,702 shares, compared to its average volume of 7,911. The stock has a market cap of $297.94 million, a P/E ratio of -1.57 and a beta of 0.55. Lavoro has a 1 year low of $2.10 and a 1 year high of $5.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.66 and a current ratio of 0.95. The company has a 50 day simple moving average of $2.71 and a 200 day simple moving average of $3.83.

Institutional Investors Weigh In On Lavoro

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

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.