Stock analysts at Oppenheimer began coverage on shares of Lavoro (NASDAQ:LVRO - Get Free Report) in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage set an "outperform" rating and a $11.00 price target on the stock. Oppenheimer's price target suggests a potential upside of 82.42% from the company's current price.
Lavoro Stock Performance
Shares of LVRO traded down $0.07 on Thursday, reaching $6.03. 7,990 shares of the stock traded hands, compared to its average volume of 24,779. The firm has a market cap of $703.16 million, a price-to-earnings ratio of -6.15 and a beta of 0.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.71. Lavoro has a 12 month low of $4.72 and a 12 month high of $9.00. The stock's 50-day moving average price is $6.80 and its 200-day moving average price is $6.99.
Lavoro (NASDAQ:LVRO - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.10). Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. The firm had revenue of $618.96 million for the quarter, compared to the consensus estimate of $626.10 million. Equities analysts forecast that Lavoro will post -0.32 EPS for the current fiscal year.
Hedge Funds Weigh In On Lavoro
Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in Lavoro in the first quarter worth $35,000. Northern Trust Corp acquired a new position in Lavoro in the fourth quarter worth $161,000. Citadel Advisors LLC acquired a new position in Lavoro in the second quarter worth $114,000. Polar Asset Management Partners Inc. acquired a new position in shares of Lavoro during the first quarter valued at $941,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Lavoro during the first quarter valued at $2,550,000. Institutional investors and hedge funds own 2.47% of the company's stock.
Lavoro Company Profile
(
Get Free Report)
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.
See Also
Before you consider Lavoro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lavoro wasn't on the list.
While Lavoro currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
