LanzaTech Global, Inc. (NASDAQ:LNZA) Receives $6.00 Average PT from Analysts

LanzaTech Global, Inc. (NASDAQ:LNZA) has earned an average recommendation of “Moderate Buy” from the four analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6.00.

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

Institutional Trading of LanzaTech Global

Several large investors have recently added to or reduced their stakes in LNZA. XTX Topco Ltd purchased a new stake in LanzaTech Global in the second quarter valued at $26,000. Principal Financial Group Inc. purchased a new stake in shares of LanzaTech Global during the second quarter worth $28,000. Intech Investment Management LLC acquired a new position in shares of LanzaTech Global during the 3rd quarter worth approximately $29,000. SG Americas Securities LLC acquired a new position in shares of LanzaTech Global during the 3rd quarter worth approximately $72,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of LanzaTech Global in the second quarter valued at approximately $92,000. Hedge funds and other institutional investors own 17.76% of the company’s stock.

LanzaTech Global Price Performance

Shares of LNZA stock opened at $1.04 on Friday. The company’s 50-day simple moving average is $1.59 and its two-hundred day simple moving average is $1.73. The company has a market capitalization of $205.67 million, a P/E ratio of -1.60 and a beta of 1.42. LanzaTech Global has a one year low of $0.95 and a one year high of $5.73. The company has a debt-to-equity ratio of 6.64, a current ratio of 2.91 and a quick ratio of 2.91.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly 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 business had revenue of $9.94 million during the quarter, compared to analysts’ expectations of $17.87 million. During the same period in the previous year, the company posted ($0.13) EPS. As a group, equities analysts anticipate that LanzaTech Global will post -0.63 EPS for the current 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.