Zacks: Brokerages Set $10.00 Target Price for Gevo Inc (GEVO)

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

Brokerages have set a 12-month consensus price objective of $10.00 for the company and are expecting that the company will post ($0.37) EPS for the current quarter, according to Zacks. Zacks has also given Gevo an industry rank of 108 out of 256 based on the ratings given to related companies.

GEVO has been the subject of several research reports. ValuEngine upgraded shares of Gevo from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. HC Wainwright set a $10.00 price target on shares of Gevo and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Zacks Investment Research upgraded shares of Gevo from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a report on Monday, April 1st.



Gevo stock traded up $0.10 during mid-day trading on Tuesday, hitting $2.04. The stock had a trading volume of 1,050 shares, compared to its average volume of 627,272. Gevo has a one year low of $1.79 and a one year high of $24.74. The company has a market capitalization of $24.37 million, a P/E ratio of -0.39 and a beta of 2.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.72 and a current ratio of 7.32.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.63) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.16). The firm had revenue of $6.40 million during the quarter, compared to analysts’ expectations of $5.57 million. Gevo had a negative return on equity of 27.70% and a negative net margin of 101.89%. Analysts forecast that Gevo will post -1.43 EPS for the current year.

A number of large investors have recently modified their holdings of GEVO. Wedbush Securities Inc. acquired a new stake in shares of Gevo in the 1st quarter worth $67,000. KBC Group NV increased its holdings in shares of Gevo by 226.3% in the 4th quarter. KBC Group NV now owns 48,033 shares of the energy company’s stock valued at $94,000 after purchasing an additional 33,313 shares in the last quarter. Vanguard Group Inc. increased its holdings in Gevo by 596.4% during the 3rd quarter. Vanguard Group Inc. now owns 91,617 shares of the energy company’s stock valued at $363,000 after acquiring an additional 78,461 shares in the last quarter. Vanguard Group Inc increased its holdings in Gevo by 596.4% during the 3rd quarter. Vanguard Group Inc now owns 91,617 shares of the energy company’s stock valued at $363,000 after acquiring an additional 78,461 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Gevo by 4,086.6% during the 3rd quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock valued at $614,000 after acquiring an additional 151,368 shares in the last quarter. Hedge funds and other institutional investors own 9.37% of the company’s stock.

Gevo Company Profile

Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.

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