Lavoro (NASDAQ:LVRO) Shares Gap Up to $5.23

Lavoro Limited (NASDAQ:LVROGet Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.23, but opened at $5.39. Lavoro shares last traded at $5.39, with a volume of 179 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LVRO. Barclays lowered their target price on shares of Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Oppenheimer lowered their price objective on Lavoro from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th.

Read Our Latest Stock Report on LVRO

Lavoro Stock Performance

The company’s 50 day moving average price is $5.61 and its 200-day moving average price is $6.65. The stock has a market cap of $628.53 million, a P/E ratio of -6.42 and a beta of 0.21. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.01.

Lavoro (NASDAQ:LVROGet Free Report) last issued its quarterly earnings data on Monday, June 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.56). Lavoro had a negative return on equity of 19.64% and a negative net margin of 5.10%. The firm had revenue of $514.23 million during the quarter, compared to the consensus estimate of $643.60 million. Equities analysts forecast that Lavoro Limited will post -1.08 EPS for the current fiscal year.

About Lavoro

(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.

Further Reading

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