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

LanzaTech Global, Inc. (NASDAQ:LNZA) has earned an average recommendation of “Moderate Buy” from the four brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $6.00.

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

LanzaTech Global Stock Performance

LanzaTech Global stock opened at $1.09 on Monday. The company has a debt-to-equity ratio of 6.64, a quick ratio of 4.40 and a current ratio of 2.91. LanzaTech Global has a one year low of $1.08 and a one year high of $5.73. The business has a 50 day simple moving average of $1.71 and a 200 day simple moving average of $1.90.

LanzaTech Global (NASDAQ:LNZA) last posted its earnings results on Friday, November 8th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.16). The company had revenue of $9.94 million for the quarter, compared to the consensus estimate of $17.87 million. LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. During the same quarter last year, the business earned ($0.13) EPS. Research analysts anticipate that LanzaTech Global will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On LanzaTech Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in LanzaTech Global by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,237,303 shares of the company’s stock valued at $4,274,000 after purchasing an additional 23,023 shares in the last quarter. State Street Corp increased its holdings in LanzaTech Global by 6.3% during the 3rd quarter. State Street Corp now owns 1,610,965 shares of the company’s stock valued at $3,077,000 after purchasing an additional 95,725 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in LanzaTech Global by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock valued at $1,445,000 after purchasing an additional 25,629 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of LanzaTech Global by 433.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock valued at $577,000 after buying an additional 253,562 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of LanzaTech Global by 8.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock valued at $435,000 after buying an additional 18,391 shares during the period. 17.76% of the stock is owned by institutional investors and hedge funds.

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.