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

Lavoro (NASDAQ:LVRO) had its target price decreased by research analysts at Oppenheimer from $9.00 to $7.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 71.15% from the stock’s previous close.

Several other equities research analysts also recently commented on LVRO. Canaccord Genuity Group upgraded 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 price target on shares of Lavoro in a research report on Friday, July 19th. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $8.38.

Lavoro Stock Up 1.5 %

NASDAQ:LVRO opened at $4.09 on Monday. The firm’s 50 day simple moving average is $4.44 and its 200 day simple moving average is $5.18. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 0.77. Lavoro has a one year low of $3.42 and a one year high of $9.00. The company has a market cap of $476.93 million, a PE ratio of -4.87 and a beta of 0.17.

About Lavoro

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.