Lavoro (NASDAQ:LVRO) Stock Rating Upgraded by Barclays

Lavoro (NASDAQ:LVRO) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has a $5.00 target price on the stock, down from their prior target price of $6.00. Barclays‘s price objective points to a potential upside of 49.03% from the stock’s previous close.

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

Lavoro Stock Up 7.5 %

NASDAQ LVRO opened at $3.36 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The company has a market cap of $391.23 million, a price-to-earnings ratio of -2.49 and a beta of 0.31. The company has a 50 day moving average of $4.70 and a 200-day moving average of $4.70. Lavoro has a 1-year low of $3.06 and a 1-year high of $8.79.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. The company had revenue of $271.10 million during the quarter. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. On average, equities research analysts expect that Lavoro will post -1.32 earnings per share for the current fiscal year.

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.