Shares of Lavoro Limited (NASDAQ:LVRO – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $4.77, but opened at $4.60. Lavoro shares last traded at $4.88, with a volume of 1,099 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Oppenheimer lowered their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.
Lavoro Trading Up 4.9 %
Lavoro (NASDAQ:LVRO – Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (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. Equities analysts expect that Lavoro Limited 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.
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