LanzaTech Global, Inc. (NASDAQ:LNZA) Receives $6.00 Consensus Target Price from Brokerages

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have earned an average recommendation of “Moderate Buy” from the four ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.00.

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

Institutional Investors Weigh In On LanzaTech Global

Several hedge funds and other institutional investors have recently made changes to their positions in LNZA. Bank of New York Mellon Corp boosted its position in LanzaTech Global by 433.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock worth $577,000 after buying an additional 253,562 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LanzaTech Global during the 2nd quarter worth approximately $251,000. Barclays PLC boosted its position in LanzaTech Global by 322.3% during the 3rd quarter. Barclays PLC now owns 160,226 shares of the company’s stock worth $306,000 after buying an additional 122,289 shares during the period. State Street Corp boosted its position in LanzaTech Global by 6.3% during the 3rd quarter. State Street Corp now owns 1,610,965 shares of the company’s stock worth $3,077,000 after buying an additional 95,725 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in LanzaTech Global during the 2nd quarter worth approximately $92,000. 17.76% of the stock is owned by institutional investors.

LanzaTech Global Stock Performance

Shares of LanzaTech Global stock opened at $1.00 on Friday. The company has a debt-to-equity ratio of 6.64, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market cap of $197.59 million, a P/E ratio of -1.54 and a beta of 1.42. The firm has a 50 day simple moving average of $1.57 and a 200 day simple moving average of $1.72. LanzaTech Global has a fifty-two week low of $0.95 and a fifty-two week high of $5.73.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Friday, November 8th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $9.94 million for the quarter, compared to analyst estimates of $17.87 million. During the same period in the prior year, the firm posted ($0.13) EPS. Sell-side analysts predict that LanzaTech Global will post -0.63 earnings per share for the current fiscal year.

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.