Barclays Reaffirms Underweight Rating for Lavoro (NASDAQ:LVRO)

Lavoro (NASDAQ:LVRO)‘s stock had its “underweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Wednesday,Benzinga reports. They presently have a $1.50 price objective on the stock, down from their previous price objective of $5.00. Barclays‘s target price suggests a potential downside of 38.52% from the stock’s current price.

A number of other research analysts have also recently commented on LVRO. Oppenheimer dropped their price target on Lavoro from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Canaccord Genuity Group cut their price objective on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a report on Tuesday, February 4th. Finally, UBS Group set a $5.00 target price on shares of Lavoro in a report on Tuesday, April 22nd.

Lavoro Price Performance

Lavoro stock opened at $2.44 on Wednesday. The stock has a market cap of $284.53 million, a P/E ratio of -1.50 and a beta of 0.56. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $4.11. Lavoro has a 52 week low of $2.37 and a 52 week high of $7.00.

Institutional Trading of Lavoro

A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC purchased a new stake in Lavoro Limited (NASDAQ:LVRO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,069 shares of the company’s stock, valued at approximately $48,000. 2.47% of the stock is owned by institutional investors and hedge funds.

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.