Oppenheimer Has Lowered Expectations for Lavoro (NASDAQ:LVRO) Stock Price

Lavoro (NASDAQ:LVRO - Free Report) had its price objective decreased by Oppenheimer from $6.00 to $5.00 in a research note published on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other equities analysts have also commented on LVRO. Canaccord Genuity Group cut their price target on Lavoro from $6.25 to $5.50 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Barclays upgraded shares of Lavoro from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Trading Down 4.9 %

Shares of LVRO stock traded down $0.15 on Tuesday, reaching $2.79. 2,384 shares of the company's stock were exchanged, compared to its average volume of 7,815. The company's fifty day simple moving average is $3.65 and its 200 day simple moving average is $4.23. The stock has a market capitalization of $324.76 million, a PE ratio of -1.71 and a beta of 0.55. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.13. Lavoro has a 52 week low of $2.72 and a 52 week high of $7.00.

Lavoro (NASDAQ:LVRO - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. As a group, analysts forecast that Lavoro will post -1.84 EPS for the current year.

Institutional Investors Weigh In On Lavoro

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp raised its position in shares of Lavoro Limited (NASDAQ:LVRO - Free Report) by 73.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,488 shares of the company's stock after buying an additional 10,826 shares during the quarter. Northern Trust Corp's holdings in Lavoro were worth $122,000 at the end of the most recent reporting period. 2.47% of the stock is owned by hedge funds and other institutional investors.

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.