LanzaTech Global, Inc. (NASDAQ:LNZA) Receives $6.33 Consensus Target Price from Brokerages

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have earned a consensus recommendation of “Moderate Buy” from the four research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $6.33.

Separately, TD Cowen initiated coverage on LanzaTech Global in a research report on Tuesday, May 7th. They set a “hold” rating and a $3.00 price target on the stock.

Institutional Investors Weigh In On LanzaTech Global

A number of institutional investors and hedge funds have recently made changes to their positions in LNZA. Daiwa Securities Group Inc. purchased a new position in shares of LanzaTech Global during the fourth quarter worth about $63,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in LanzaTech Global during the 4th quarter worth approximately $201,000. Green Alpha Advisors LLC lifted its position in LanzaTech Global by 3.2% during the 1st quarter. Green Alpha Advisors LLC now owns 119,559 shares of the company’s stock worth $370,000 after acquiring an additional 3,687 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of LanzaTech Global by 14.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock valued at $644,000 after purchasing an additional 26,097 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of LanzaTech Global by 52.3% in the fourth quarter. Van ECK Associates Corp now owns 510,257 shares of the company’s stock valued at $2,567,000 after purchasing an additional 175,290 shares during the period. 17.76% of the stock is owned by hedge funds and other institutional investors.

LanzaTech Global Price Performance

Shares of NASDAQ:LNZA opened at $2.12 on Friday. LanzaTech Global has a 12 month low of $1.41 and a 12 month high of $8.70. The firm has a market capitalization of $419.19 million, a P/E ratio of -4.33 and a beta of 1.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.89 and a quick ratio of 6.89. The company’s fifty day moving average price is $2.14 and its 200 day moving average price is $2.92.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). LanzaTech Global had a negative return on equity of 79.28% and a negative net margin of 152.29%. The firm had revenue of $10.24 million for the quarter, compared to analysts’ expectations of $11.09 million. During the same period in the previous year, the business posted ($0.58) EPS. As a group, sell-side analysts predict that LanzaTech Global will post -0.42 earnings per share for the current fiscal year.

About LanzaTech Global

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.