Lavoro (NASDAQ:LVRO) Trading Up 3.9%

Lavoro Limited (NASDAQ:LVRO) shot up 3.9% on Friday . The company traded as high as $4.31 and last traded at $4.31. 501 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 21,412 shares. The stock had previously closed at $4.15.

Analyst Upgrades and Downgrades

LVRO has been the topic of several research analyst reports. Oppenheimer reduced their price objective on Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Canaccord Genuity Group raised shares of Lavoro to a “strong-buy” rating in a research report on Friday, July 19th. Canaccord Genuity Group restated a “buy” rating and issued a $8.50 target price on shares of Lavoro in a research note on Friday, July 19th. Finally, Barclays dropped their price target on Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lavoro has an average rating of “Buy” and an average price target of $8.88.

Lavoro Trading Down 1.2 %

The company has a fifty day simple moving average of $5.02 and a 200-day simple moving average of $5.54. The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The stock has a market cap of $478.09 million, a price-to-earnings ratio of -4.94 and a beta of 0.20.

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.