LanzaTech Global, Inc. (NASDAQ:LNZA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

LanzaTech Global, Inc. (NASDAQ:LNZA) has been assigned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $6.33.

Separately, TD Cowen assumed coverage on shares of LanzaTech Global in a report on Tuesday, May 7th. They issued a “hold” rating and a $3.00 price objective for the company.

LanzaTech Global Trading Down 2.8 %

Shares of LanzaTech Global stock opened at $2.06 on Friday. The firm has a market capitalization of $407.32 million, a PE ratio of -4.20 and a beta of 1.56. LanzaTech Global has a twelve month low of $1.41 and a twelve month high of $8.70. The firm’s 50-day moving average price is $2.14 and its 200 day moving average price is $2.89. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.21.

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

Institutional Trading of LanzaTech Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of LanzaTech Global by 14.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock worth $644,000 after buying an additional 26,097 shares during the last quarter. Green Alpha Advisors LLC increased its holdings in shares of LanzaTech Global by 3.2% during the 1st quarter. Green Alpha Advisors LLC now owns 119,559 shares of the company’s stock worth $370,000 after buying an additional 3,687 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of LanzaTech Global during the 4th quarter worth approximately $201,000. Finally, Van ECK Associates Corp increased its holdings in shares of LanzaTech Global by 52.3% during the 4th quarter. Van ECK Associates Corp now owns 510,257 shares of the company’s stock worth $2,567,000 after buying an additional 175,290 shares during the last quarter. Institutional investors and hedge funds own 17.76% of the company’s stock.

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.