Ameresco (NYSE:AMRC) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a report issued on Tuesday.

Other equities analysts have also recently issued reports about the stock. Piper Sandler lowered their price objective on shares of Ameresco from $32.00 to $30.00 and set an overweight rating on the stock in a research report on Thursday, April 11th. B. Riley lowered their price target on shares of Ameresco from $46.00 to $40.00 and set a buy rating on the stock in a report on Monday, February 5th. BNP Paribas upgraded shares of Ameresco from a neutral rating to an outperform rating and set a $34.00 price target on the stock in a report on Tuesday, March 12th. Guggenheim restated a neutral rating on shares of Ameresco in a report on Thursday, February 29th. Finally, Canaccord Genuity Group lowered their price target on shares of Ameresco from $50.00 to $36.00 and set a buy rating on the stock in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Ameresco currently has an average rating of Moderate Buy and an average target price of $45.33.

Ameresco Trading Down 0.3 %

Ameresco stock opened at $18.56 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25. The firm has a market cap of $970.32 million, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 0.56 and a beta of 1.56. Ameresco has a 1 year low of $17.55 and a 1 year high of $63.19. The firm’s 50 day moving average price is $21.44 and its two-hundred day moving average price is $25.97.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.09. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The firm had revenue of $441.40 million for the quarter, compared to analyst estimates of $399.98 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, research analysts predict that Ameresco will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Asset Management Holding S.A. acquired a new position in Ameresco during the 4th quarter worth $22,650,000. Millennium Management LLC acquired a new position in Ameresco during the 2nd quarter worth $20,914,000. First Trust Advisors LP raised its position in shares of Ameresco by 59.9% during the fourth quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock valued at $25,128,000 after buying an additional 297,236 shares during the last quarter. Trustees of Princeton University acquired a new position in shares of Ameresco during the fourth quarter valued at about $7,170,000. Finally, Ashford Capital Management Inc. acquired a new position in shares of Ameresco during the third quarter valued at about $7,858,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.