Zacks: Gevo Inc (GEVO) Given Average Recommendation of “Strong Buy” by Brokerages

Gevo Inc (NASDAQ:GEVO) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $10.00 for the company, according to Zacks. Zacks has also given Gevo an industry rank of 215 out of 255 based on the ratings given to related companies.

Several research firms recently weighed in on GEVO. ValuEngine upgraded shares of Gevo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th. Zacks Investment Research upgraded shares of Gevo from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th.

GEVO traded down $0.02 during trading hours on Friday, hitting $2.30. The company’s stock had a trading volume of 279,507 shares, compared to its average volume of 857,589. The company has a debt-to-equity ratio of 0.13, a current ratio of 7.74 and a quick ratio of 7.15. The stock has a market cap of $20.74 million, a P/E ratio of -0.07 and a beta of 2.96. Gevo has a fifty-two week low of $1.79 and a fifty-two week high of $24.74.

Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in shares of Gevo by 254.7% during the 3rd quarter. Renaissance Technologies LLC now owns 563,469 shares of the energy company’s stock valued at $2,231,000 after acquiring an additional 404,625 shares during the last quarter. BlackRock Inc. boosted its position in shares of Gevo by 4,086.6% during the 3rd quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock worth $614,000 after acquiring an additional 151,368 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Gevo by 596.4% during the 3rd 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. Vanguard Group Inc. boosted its position in shares of Gevo by 596.4% during the 3rd 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, Bank of Montreal Can boosted its position in Gevo by 100.0% in the third quarter. Bank of Montreal Can now owns 60,000 shares of the energy company’s stock valued at $238,000 after buying an additional 30,000 shares in the last quarter. Institutional investors own 12.36% 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.

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