LanzaTech Global (NASDAQ:LNZA) Stock Rating Upgraded by Zacks Research

LanzaTech Global (NASDAQ:LNZA) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also recently commented on LNZA. Roth Capital dropped their target price on shares of LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a report on Wednesday, October 8th. Finally, Wall Street Zen raised LanzaTech Global from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

LanzaTech Global Trading Up 0.0%

Shares of NASDAQ:LNZA opened at $13.39 on Monday. LanzaTech Global has a 1-year low of $11.20 and a 1-year high of $214.50. The stock has a market capitalization of $31.05 million and a P/E ratio of -0.58. The business has a 50-day moving average price of $16.37 and a two-hundred day moving average price of $24.08.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of ($12.42) by $13.41. The company had revenue of $9.28 million during the quarter, compared to analysts’ expectations of $10.20 million. LanzaTech Global had a negative net margin of 190.24% and a negative return on equity of 78,473.86%. As a group, equities analysts predict that LanzaTech Global will post -0.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new stake in shares of LanzaTech Global during the second quarter worth $27,000. AQR Capital Management LLC raised its stake in shares of LanzaTech Global by 1,045.1% in the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after purchasing an additional 168,247 shares during the period. Nuveen LLC acquired a new stake in shares of LanzaTech Global in the 1st quarter valued at about $49,000. XTX Topco Ltd lifted its holdings in shares of LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after purchasing an additional 149,576 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of LanzaTech Global by 77.9% during the second quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock worth $82,000 after buying an additional 132,792 shares during the period. Institutional investors and hedge funds own 17.76% of the company’s stock.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.