Gevo (GEVO) Rating Increased to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Gevo (NASDAQ:GEVO) from a sell rating to a hold rating in a research report report published on Wednesday.

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. “

GEVO has been the subject of several other research reports. ValuEngine raised Gevo from a hold rating to a buy rating in a research report on Thursday, November 1st. HC Wainwright set a $10.00 target price on Gevo and gave the stock a buy rating in a research report on Thursday, November 8th.

Shares of Gevo stock opened at $2.53 on Wednesday. The company has a current ratio of 7.74, a quick ratio of 7.15 and a debt-to-equity ratio of 0.13. Gevo has a 12 month low of $2.42 and a 12 month high of $24.74.

Gevo (NASDAQ:GEVO) last issued its earnings results on Tuesday, November 6th. The energy company reported ($0.85) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.25). The business had revenue of $8.58 million during the quarter, compared to analyst estimates of $7.72 million. Gevo had a negative return on equity of 25.51% and a negative net margin of 76.73%. As a group, research analysts predict that Gevo will post -7.09 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Virtu Financial LLC raised its holdings in shares of Gevo by 69.1% during the third quarter. Virtu Financial LLC now owns 38,290 shares of the energy company’s stock worth $152,000 after acquiring an additional 15,651 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Gevo during the second quarter worth $107,000. Bank of Montreal Can raised its holdings in shares of Gevo by 100.0% during the third quarter. Bank of Montreal Can now owns 60,000 shares of the energy company’s stock worth $238,000 after acquiring an additional 30,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Gevo by 596.4% during the third quarter. Vanguard Group Inc. now owns 91,617 shares of the energy company’s stock worth $363,000 after acquiring an additional 78,461 shares in the last quarter. Finally, Vanguard Group Inc raised its holdings in shares of Gevo by 596.4% during the third quarter. Vanguard Group Inc now owns 91,617 shares of the energy company’s stock worth $363,000 after acquiring an additional 78,461 shares in the last quarter. Institutional investors and hedge funds own 12.33% of the company’s stock.

About Gevo

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

Further Reading: Return on Investment (ROI) Defined, Explained

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