Ameresco (NYSE:AMRC) Stock Rating Upgraded by StockNews.com

Ameresco (NYSE:AMRC) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research report issued on Tuesday.

A number of other equities analysts also recently weighed in on AMRC. Guggenheim reissued a “neutral” rating on shares of Ameresco in a research note on Thursday, February 29th. B. Riley lowered their target price on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Canaccord Genuity Group lowered their target price on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Raymond James lowered their target price on shares of Ameresco from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, April 3rd. Finally, Piper Sandler lowered their target price on shares of Ameresco from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.33.

Ameresco Stock Performance

Shares of Ameresco stock opened at $18.61 on Tuesday. The firm has a market capitalization of $972.93 million, a P/E ratio of 15.77, a P/E/G ratio of 0.58 and a beta of 1.56. The company’s 50 day moving average price is $21.51 and its two-hundred day moving average price is $26.02. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $63.19.

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

Institutional Investors Weigh In On Ameresco

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of Ameresco by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock worth $45,083,000 after acquiring an additional 176,971 shares during the last quarter. First Eagle Investment Management LLC grew its position in Ameresco by 32.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 284,617 shares of the utilities provider’s stock worth $10,975,000 after purchasing an additional 69,997 shares in the last quarter. Boston Partners bought a new stake in Ameresco in the 3rd quarter worth about $2,143,000. Deutsche Bank AG grew its position in Ameresco by 16.6% in the 3rd quarter. Deutsche Bank AG now owns 17,058 shares of the utilities provider’s stock worth $658,000 after purchasing an additional 2,426 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its position in Ameresco by 20.0% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 292,411 shares of the utilities provider’s stock worth $11,275,000 after purchasing an additional 48,737 shares in the last quarter. 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.