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

LanzaTech Global, Inc. (NASDAQ:LNZA) has been assigned a consensus rating of “Moderate Buy” from the four research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $6.00.

Separately, TD Cowen decreased their price target 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.

LanzaTech Global Trading Down 11.1 %

LNZA opened at $1.09 on Monday. LanzaTech Global has a 12 month low of $1.08 and a 12 month high of $5.73. The firm’s fifty day simple moving average is $1.72 and its 200 day simple moving average is $1.91. The company has a current ratio of 2.91, a quick ratio of 4.40 and a debt-to-equity ratio of 6.64. The stock has a market capitalization of $214.57 million, a P/E ratio of -1.68 and a beta of 1.58.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.16). The firm had revenue of $9.94 million for the quarter, compared to analyst estimates of $17.87 million. LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. During the same quarter in the prior year, the business posted ($0.13) EPS. As a group, research analysts anticipate that LanzaTech Global will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its stake in LanzaTech Global by 6.3% in the 3rd quarter. State Street Corp now owns 1,610,965 shares of the company’s stock valued at $3,077,000 after purchasing an additional 95,725 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in LanzaTech Global by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock worth $1,445,000 after purchasing an additional 25,629 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 worth $577,000 after buying an additional 253,562 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of LanzaTech Global by 8.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock worth $435,000 after purchasing an additional 18,391 shares during the last quarter. Finally, Barclays PLC raised its stake in LanzaTech Global by 322.3% in the third quarter. Barclays PLC now owns 160,226 shares of the company’s stock worth $306,000 after buying an additional 122,289 shares in the last quarter. Institutional investors 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.