Lavoro’s (LVRO) Hold Rating Reiterated at Canaccord Genuity Group

Lavoro (NASDAQ:LVRO)‘s stock had its “hold” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued to investors on Monday,Benzinga reports. They presently have a $2.25 price target on the stock, down from their prior price target of $5.50. Canaccord Genuity Group’s price objective would suggest a potential upside of 6.38% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. UBS Group set a $5.00 price objective on shares of Lavoro in a report on Tuesday, April 22nd. Oppenheimer restated an “underperform” rating on shares of Lavoro in a research report on Thursday, June 5th. Finally, Barclays reaffirmed an “underweight” rating and set a $1.50 price objective (down previously from $5.00) on shares of Lavoro in a report on Wednesday, May 14th.

Lavoro Trading Down 1.6%

Shares of LVRO stock traded down $0.04 on Monday, hitting $2.12. The stock had a trading volume of 8,509 shares, compared to its average volume of 7,863. The company’s 50 day moving average price is $2.63 and its 200-day moving average price is $3.66. Lavoro has a 1 year low of $2.04 and a 1 year high of $5.80. The firm has a market capitalization of $246.63 million, a P/E ratio of -1.30 and a beta of 0.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.66.

Institutional Trading of Lavoro

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp grew its holdings in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. Institutional investors own 2.47% of the company’s stock.

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.