TD Cowen Issues Pessimistic Forecast for LanzaTech Global (NASDAQ:LNZA) Stock Price

LanzaTech Global (NASDAQ:LNZA) had its price target reduced by investment analysts at TD Cowen from $3.00 to $2.00 in a report released on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price suggests a potential upside of 41.84% from the company’s current price.

LanzaTech Global Stock Performance

LNZA opened at $1.41 on Monday. The company has a market capitalization of $278.84 million, a price-to-earnings ratio of -2.18 and a beta of 1.58. The business’s 50-day moving average price is $1.73 and its two-hundred day moving average price is $1.93. LanzaTech Global has a 1 year low of $1.16 and a 1 year high of $5.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.40 and a quick ratio of 4.40.

LanzaTech Global (NASDAQ:LNZA) last announced its earnings results on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.16). LanzaTech Global had a negative net margin of 143.76% and a negative return on equity of 96.75%. The firm had revenue of $9.94 million during the quarter, compared to analyst estimates of $17.87 million. During the same period in the prior year, the business posted ($0.13) EPS. Equities analysts expect that LanzaTech Global will post -0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On LanzaTech Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund grew its holdings 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 acquiring an additional 26,097 shares in the last quarter. Bank of New York Mellon Corp grew its stake in LanzaTech Global by 433.7% in the second quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock valued at $577,000 after purchasing an additional 253,562 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of LanzaTech Global during the 2nd quarter worth approximately $251,000. Principal Financial Group Inc. bought a new stake in shares of LanzaTech Global during the 2nd quarter worth approximately $28,000. Finally, XTX Topco Ltd acquired a new stake in shares of LanzaTech Global in the 2nd quarter valued at approximately $26,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

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.