In a report released yesterday, Poe Fratt from Noble Financial maintained a Buy rating on Gevo (GEVO), with a price target of $16.00. The company’s shares closed last Tuesday at $10.71.
According to TipRanks.com, Fratt is a 5-star analyst with an average return of 40.9% and a 57.9% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Grindrod Shipping Holdings, and Great Lakes Dredge & Dock.
Currently, the analyst consensus on Gevo is a Moderate Buy with an average price target of $17.00, which is a 67.7% upside from current levels. In a report issued on February 19, H.C. Wainwright also reiterated a Buy rating on the stock with a $18.00 price target.
See today’s analyst top recommended stocks >>
Gevo’s market cap is currently $1.65B and has a P/E ratio of -6.20. The company has a Price to Book ratio of 11.48.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Gevo Development and Agri-Energy segment is currently responsible for the operation of its agri energy facility and the production of ethanol, isobutanol, and related products. The company was founded by Matthew W. Peters, Peter Meinhold, and Frances Hamilton Arnold on June 9, 2005 and is headquartered in Englewood, CO.
