Ameresco (NYSE:AMRC) Shares Gap Down – Time to Sell?

Ameresco, Inc. (NYSE:AMRC) gapped down prior to trading on Tuesday . The stock had previously closed at $40.00, but opened at $36.60. Ameresco shares last traded at $37.1070, with a volume of 185,811 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on AMRC. Jefferies Financial Group set a $45.00 price target on Ameresco and gave the company a “buy” rating in a report on Tuesday. UBS Group raised shares of Ameresco from a “sell” rating to a “neutral” rating and boosted their target price for the company from $11.00 to $23.00 in a research note on Monday, August 18th. B. Riley boosted their target price on shares of Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. BNP Paribas downgraded shares of Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Tuesday, October 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ameresco in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Ameresco Stock Performance

The firm’s fifty day moving average price is $33.90 and its 200 day moving average price is $22.35. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $1.99 billion, a PE ratio of 32.33, a PEG ratio of 1.93 and a beta of 2.33.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.26 by $0.09. The business had revenue of $525.99 million for the quarter, compared to analysts’ expectations of $518.41 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. Ameresco’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, research analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently bought and sold shares of AMRC. Headlands Technologies LLC bought a new stake in Ameresco in the first quarter worth $40,000. CoreCap Advisors LLC bought a new stake in Ameresco in the third quarter worth $50,000. Tower Research Capital LLC TRC boosted its holdings in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Ameresco in the third quarter worth $76,000. Finally, AlphaQuest LLC bought a new stake in Ameresco in the first quarter worth $114,000. 99.24% of the stock is currently owned by institutional investors.

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.