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

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have received a consensus recommendation of “Moderate Buy” from the four research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.33.

A number of research firms have weighed in on LNZA. TD Cowen began coverage on shares of LanzaTech Global in a research note on Tuesday, May 7th. They set a “hold” rating and a $3.00 price objective for the company. Roth Mkm restated a “buy” rating and set a $6.00 price objective on shares of LanzaTech Global in a research note on Monday, March 25th. Finally, Seaport Res Ptn restated a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th.

Institutional Trading of LanzaTech Global

A number of large investors have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of LanzaTech Global by 14.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock worth $644,000 after acquiring an additional 26,097 shares during the period. Green Alpha Advisors LLC grew its stake in shares of LanzaTech Global by 3.2% in the first 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. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of LanzaTech Global in the fourth quarter worth approximately $201,000. Van ECK Associates Corp grew its stake 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 worth $2,567,000 after acquiring an additional 175,290 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in shares of LanzaTech Global in the fourth quarter worth approximately $63,000. 17.76% of the stock is currently owned by institutional investors.

LanzaTech Global Trading Up 1.1 %

Shares of NASDAQ LNZA opened at $1.82 on Wednesday. LanzaTech Global has a 1 year low of $1.41 and a 1 year high of $8.70. The stock has a market cap of $359.87 million, a P/E ratio of -3.71 and a beta of 1.57. The firm has a 50-day moving average of $2.35 and a 200 day moving average of $3.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.89 and a quick ratio of 6.89.

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