LanzaTech Global (NASDAQ:LNZA) Price Target Cut to $2.00 by Analysts at TD Cowen

LanzaTech Global (NASDAQ:LNZA) had its price target decreased by TD Cowen from $3.00 to $2.00 in a report released on Monday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

LanzaTech Global Price Performance

Shares of LNZA opened at $1.22 on Monday. 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 6.64, a current ratio of 2.91 and a quick ratio of 4.40. The company has a market capitalization of $241.27 million, a price-to-earnings ratio of -1.92 and a beta of 1.58. The business has a 50-day moving average of $1.72 and a 200-day moving average of $1.92.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings data 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 return on equity of 180.10% and a negative net margin of 223.03%. The company had revenue of $9.94 million for the quarter, compared to the consensus estimate of $17.87 million. During the same quarter last year, the business earned ($0.13) earnings per share. As a group, equities research analysts anticipate that LanzaTech Global will post -0.52 earnings per share for the current year.

Institutional Investors Weigh In On LanzaTech Global

A number of hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in LanzaTech Global by 3.5% in 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 in the last quarter. Bank of New York Mellon Corp increased its holdings 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 worth $577,000 after purchasing an additional 253,562 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in 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 in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in LanzaTech Global in the second quarter worth approximately $251,000. Finally, The Manufacturers Life Insurance Company bought a new stake in LanzaTech Global in the second quarter worth approximately $92,000. 17.76% of the stock is currently owned by institutional investors.

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.