Gevo Price Target Cut to $1.00 (GEVO)
Research analysts at Cowen and Company lowered their price objective on shares of Gevo (NASDAQ:GEVO) to $1.00 in a report released on Friday, AnalystRatings.Net reports. Cowen and Company’s price objective suggests a potential upside of 2.05% from the company’s current price.
A number of other firms have also recently commented on GEVO. Analysts at Zacks downgraded shares of Gevo from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $1.30 price target on the stock.
Shares of Gevo (NASDAQ:GEVO) opened at 0.9799 on Friday. Gevo has a 52 week low of $0.73 and a 52 week high of $2.32. The stock has a 50-day moving average of $1.06 and a 200-day moving average of $1.31. The company’s market cap is $66.3 million.
Gevo (NASDAQ:GEVO) last announced its earnings results on Wednesday, May 14th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.03. The company had revenue of $0.90 million for the quarter, compared to the consensus estimate of $1.70 million. During the same quarter in the prior year, the company posted ($0.45) earnings per share. The company’s quarterly revenue was down 74.3% on a year-over-year basis. On average, analysts predict that Gevo will post $-0.63 earnings per share for the current fiscal year.
Gevo, Inc, is a renewable chemicals and advanced biofuels company. The Company is focused on the development and commercialization of alternatives to petroleum-based products.
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