LanzaTech Global, Inc. (NASDAQ:LNZA) Given Average Recommendation of “Moderate Buy” by Analysts

LanzaTech Global, Inc. (NASDAQ:LNZA) has been assigned a consensus recommendation of “Moderate Buy” from the four analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $4.00.

Separately, Janney Montgomery Scott lowered LanzaTech Global from a “buy” rating to a “neutral” rating in a research report on Thursday.

LanzaTech Global Trading Down 9.6 %

Shares of LNZA stock traded down $0.06 during mid-day trading on Thursday, reaching $0.53. The company’s stock had a trading volume of 239,078 shares, compared to its average volume of 1,425,830. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 6.64. The firm has a market capitalization of $105.01 million, a PE ratio of -0.82 and a beta of 1.32. The company’s 50 day simple moving average is $1.06 and its 200-day simple moving average is $1.35. LanzaTech Global has a 12-month low of $0.53 and a 12-month high of $3.41.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in LanzaTech Global during the 3rd quarter valued at $29,000. Price T Rowe Associates Inc. MD grew its stake in shares of LanzaTech Global by 45.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,253 shares of the company’s stock valued at $72,000 after acquiring an additional 16,325 shares in the last quarter. Barclays PLC increased its position in shares of LanzaTech Global by 10.9% during the fourth quarter. Barclays PLC now owns 177,623 shares of the company’s stock worth $244,000 after acquiring an additional 17,397 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of LanzaTech Global by 46.3% during the fourth quarter. Wells Fargo & Company MN now owns 56,235 shares of the company’s stock worth $77,000 after acquiring an additional 17,804 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of 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 acquiring an additional 18,391 shares in the last quarter. 17.76% of the stock is owned by institutional investors and hedge funds.

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.