Oppenheimer Lowers Lavoro (NASDAQ:LVRO) Price Target to $7.00

Lavoro (NASDAQ:LVRO) had its target price reduced by Oppenheimer from $9.00 to $7.00 in a report issued on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently issued reports on LVRO. Canaccord Genuity Group reissued a “buy” rating and set a $8.50 price objective on shares of Lavoro in a report on Friday, July 19th. Canaccord Genuity Group raised Lavoro to a “strong-buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lavoro currently has a consensus rating of “Buy” and a consensus target price of $8.38.

Lavoro Stock Up 0.5 %

Shares of NASDAQ LVRO opened at $4.11 on Monday. The stock has a market cap of $479.26 million, a PE ratio of -4.89 and a beta of 0.17. The business has a fifty day moving average of $4.42 and a two-hundred day moving average of $5.17. Lavoro has a 52-week low of $3.42 and a 52-week high of $9.00. 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 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.