TD Cowen Cuts LanzaTech Global (NASDAQ:LNZA) Price Target to $2.00

LanzaTech Global (NASDAQ:LNZA) had its price objective 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

LNZA stock opened at $1.31 on Monday. The stock has a 50-day moving average price of $1.73 and a two-hundred day moving average price of $1.92. LanzaTech Global has a 1 year low of $1.16 and a 1 year high of $5.73. The stock has a market cap of $259.07 million, a PE ratio of -2.02 and a beta of 1.58. The company has a current ratio of 2.91, a quick ratio of 4.40 and a debt-to-equity ratio of 6.64.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.29) earnings per share 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 period in the prior year, the company earned ($0.13) earnings per share. Equities analysts forecast that LanzaTech Global will post -0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in LanzaTech Global by 433.7% during the 2nd 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 in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in LanzaTech Global during the second quarter worth about $251,000. The Manufacturers Life Insurance Company acquired a new position in LanzaTech Global during the second quarter valued at approximately $92,000. SG Americas Securities LLC bought a new position in LanzaTech Global in the third quarter valued at approximately $72,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of LanzaTech Global by 14.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock worth $644,000 after purchasing an additional 26,097 shares during the last quarter. Institutional investors and hedge funds own 17.76% of the company’s stock.

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.