Gevo (GEVO) Upgraded at Zacks Investment Research

Gevo (NASDAQ:GEVO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $0.75 price objective on the energy company’s stock. Zacks Investment Research‘s price target points to a potential upside of 17.19% from the stock’s current price.

According to Zacks, “Gevo, Inc. is a renewable chemicals and advanced biofuels company engaged in the development of biobased alternatives to petroleum-based products using a combination of synthetic biology and chemistry. The Company is focused on the commercialization of isobutanol, a naturally occurring four carbon alcohol with broad applications in large chemicals and fuels markets. Isobutanol can be used as a solvent and a gasoline blendstock and can be further processed into jet fuel and feedstocks for the production of synthetic rubber, plastics and polyesters. Markets served by the Company include solvents and coatings, materials, plastics and fibers, biojet blendstock, gasoline blendstock and other hydrocarbon fuels. “

Several other equities analysts also recently commented on the company. ValuEngine downgraded Gevo from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. HC Wainwright restated a “buy” rating and set a $12.00 price objective on shares of Gevo in a research report on Tuesday, November 7th.

Gevo (NASDAQ:GEVO) traded down $0.06 during trading on Friday, reaching $0.64. The company’s stock had a trading volume of 2,074,600 shares, compared to its average volume of 1,826,450. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $13.96, a P/E ratio of -0.37 and a beta of 3.09. Gevo has a 1 year low of $0.53 and a 1 year high of $5.35.

Gevo (NASDAQ:GEVO) last posted its earnings results on Monday, November 6th. The energy company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.05. The firm had revenue of $7.70 million during the quarter, compared to the consensus estimate of $5.49 million. Gevo had a negative return on equity of 40.58% and a negative net margin of 84.42%. equities research analysts forecast that Gevo will post -1.69 EPS for the current year.

An institutional investor recently raised its position in Gevo stock. Virtu KCG Holdings LLC lifted its stake in shares of Gevo, Inc. (NASDAQ:GEVO) by 557.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,390 shares of the energy company’s stock after acquiring an additional 154,654 shares during the quarter. Virtu KCG Holdings LLC owned approximately 1.21% of Gevo worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 7.07% of the company’s stock.

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Gevo Company Profile

Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.

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