LanzaTech Global (NASDAQ:LNZA) Raised to “Strong-Buy” at Zacks Research

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

Several other equities analysts also recently commented on the stock. Wall Street Zen raised shares of LanzaTech Global to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, LanzaTech Global currently has an average rating of “Hold” and an average price target of $14.00.

LanzaTech Global Price Performance

Shares of LNZA stock opened at $5.96 on Monday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.33. LanzaTech Global has a twelve month low of $5.90 and a twelve month high of $71.19. The company has a market cap of $60.14 million and a P/E ratio of -6.14. The business has a fifty day simple moving average of $19.80 and a 200 day simple moving average of $15.18.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Thursday, May 14th. The company reported ($1.77) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.88) by $1.11. The firm had revenue of $12.02 million for the quarter, compared to analysts’ expectations of $12.10 million. LanzaTech Global had a negative return on equity of 1,268.15% and a negative net margin of 76.05%. On average, sell-side analysts forecast that LanzaTech Global will post -3.73 EPS for the current fiscal year.

Hedge Funds Weigh In On LanzaTech Global

A number of hedge funds have recently bought and sold shares of LNZA. Qube Research & Technologies Ltd acquired a new position in LanzaTech Global in the second quarter valued at $27,000. AQR Capital Management LLC grew its holdings in LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after acquiring an additional 168,247 shares during the period. XTX Topco Ltd raised its position in shares of LanzaTech Global by 380.5% in the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after acquiring an additional 149,576 shares in the last quarter. Marshall Wace LLP bought a new position in shares of LanzaTech Global in the 2nd quarter worth about $82,000. Finally, DRW Securities LLC acquired a new position in shares of LanzaTech Global in the 4th quarter valued at about $160,000. Institutional investors own 17.76% of the company’s stock.

About LanzaTech Global

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.