Lavoro (NASDAQ:LVRO) Upgraded at Barclays

Barclays upgraded shares of Lavoro (NASDAQ:LVRO) from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday, Marketbeat.com reports. Barclays currently has $5.00 price objective on the stock, down from their previous price objective of $6.00.

Separately, Oppenheimer decreased their price objective on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st.

Lavoro Stock Performance

NASDAQ LVRO opened at $3.81 on Tuesday. The company’s 50 day simple moving average is $4.64 and its two-hundred day simple moving average is $4.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. Lavoro has a 1 year low of $3.06 and a 1 year high of $8.33. The stock has a market capitalization of $444.28 million, a PE ratio of -2.82 and a beta of 0.31.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) EPS for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. The business had revenue of $271.10 million for the quarter. Analysts predict that Lavoro will post -1.32 earnings per share for the current fiscal year.

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.