Lavoro (NASDAQ:LVRO) Receives Underweight Rating from Barclays

Barclays restated their underweight rating on shares of Lavoro (NASDAQ:LVRO) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. They currently have a $1.50 price target on the stock, down from their previous price target of $5.00.

LVRO has been the subject of several other reports. Canaccord Genuity Group decreased their target price on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a research note on Tuesday, February 4th. UBS Group set a $5.00 price target on shares of Lavoro in a report on Tuesday, April 22nd. Finally, Oppenheimer dropped their target price on shares of Lavoro from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd.

Lavoro Stock Performance

Shares of LVRO stock opened at $2.41 on Wednesday. Lavoro has a one year low of $2.31 and a one year high of $7.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.66 and a current ratio of 0.95. The company has a 50 day moving average price of $3.10 and a 200 day moving average price of $4.09. The firm has a market capitalization of $281.03 million, a price-to-earnings ratio of -1.48 and a beta of 0.56.

Institutional Trading of Lavoro

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp raised its stake in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,488 shares of the company’s stock after purchasing an additional 10,826 shares during the period. Northern Trust Corp’s holdings in Lavoro were worth $122,000 as of its most recent SEC filing. 2.47% of the stock is currently owned by hedge funds and other institutional investors.

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.