Brokerages Set LanzaTech Global, Inc. (NASDAQ:LNZA) Price Target at $6.33

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have been assigned a consensus recommendation of “Moderate Buy” from the four analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $6.00.

Separately, TD Cowen cut their price target on shares of LanzaTech Global from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Monday, November 11th.

LanzaTech Global Trading Down 11.1 %

LNZA opened at $1.09 on Monday. The stock’s 50 day moving average price is $1.72 and its 200-day moving average price is $1.91. LanzaTech Global has a one year low of $1.08 and a one year high of $5.73. The company has a debt-to-equity ratio of 6.64, a quick ratio of 4.40 and a current ratio of 2.91. The stock has a market cap of $214.57 million, a price-to-earnings ratio of -1.68 and a beta of 1.58.

LanzaTech Global (NASDAQ:LNZA) last issued its earnings results on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.16). LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. The firm had revenue of $9.94 million during the quarter, compared to analysts’ expectations of $17.87 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. On average, equities analysts forecast that LanzaTech Global will post -0.58 EPS for the current year.

Institutional Investors Weigh In On LanzaTech Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in LanzaTech Global in the second quarter valued at approximately $26,000. Intech Investment Management LLC bought a new stake in shares of LanzaTech Global during the 3rd quarter worth $29,000. Principal Financial Group Inc. acquired a new stake in shares of LanzaTech Global during the second quarter worth approximately $28,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of LanzaTech Global by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock worth $435,000 after purchasing an additional 18,391 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in LanzaTech Global by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock worth $1,445,000 after buying an additional 25,629 shares during the period. 17.76% of the stock is currently owned by hedge funds and other institutional investors.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.