Analysts Set LanzaTech Global, Inc. (NASDAQ:LNZA) Target Price at $4.00

LanzaTech Global, Inc. (NASDAQ:LNZA) has earned a consensus recommendation of “Hold” from the three brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $4.00.

Separately, Janney Montgomery Scott cut LanzaTech Global from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

LanzaTech Global Trading Down 8.3 %

LanzaTech Global stock opened at $0.41 on Thursday. The stock has a market cap of $81.64 million, a PE ratio of -0.64 and a beta of 1.32. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. The stock has a 50-day moving average of $0.93 and a two-hundred day moving average of $1.31. LanzaTech Global has a one year low of $0.41 and a one year high of $3.41.

Hedge Funds Weigh In On LanzaTech Global

A number of institutional investors have recently bought and sold shares of LNZA. Intech Investment Management LLC purchased a new position in shares of LanzaTech Global during the third quarter worth $29,000. Price T Rowe Associates Inc. MD raised its stake in shares of LanzaTech Global by 45.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,253 shares of the company’s stock valued at $72,000 after buying an additional 16,325 shares during the last quarter. Barclays PLC raised its position in LanzaTech Global by 10.9% during the fourth quarter. Barclays PLC now owns 177,623 shares of the company’s stock valued at $244,000 after acquiring an additional 17,397 shares in the last quarter. Wells Fargo & Company MN raised its position in LanzaTech Global by 46.3% during the fourth quarter. Wells Fargo & Company MN now owns 56,235 shares of the company’s stock valued at $77,000 after acquiring an additional 17,804 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in LanzaTech Global by 8.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock valued at $435,000 after acquiring an additional 18,391 shares in the last quarter. 17.76% of the stock is owned by hedge funds and other institutional investors.

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.