Lavoro (NASDAQ:LVRO) Shares Gap Up – Still a Buy?

Shares of Lavoro Limited (NASDAQ:LVRO) gapped up prior to trading on Tuesday . The stock had previously closed at $4.25, but opened at $4.50. Lavoro shares last traded at $4.50, with a volume of 183 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on LVRO shares. Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a research report on Friday, July 19th. Canaccord Genuity Group reissued a “buy” rating and issued a $8.50 price target on shares of Lavoro in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $8.88.

Lavoro Stock Performance

The firm’s 50 day simple moving average is $4.51 and its 200 day simple moving average is $5.23. The firm has a market cap of $496.88 million, a PE ratio of -5.07 and a beta of 0.17. The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

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.