Oppenheimer Reaffirms Market Perform Rating for Ameresco (NYSE:AMRC)

Ameresco (NYSE:AMRC)‘s stock had its “market perform” rating restated by investment analysts at Oppenheimer in a note issued to investors on Wednesday, Benzinga reports.

AMRC has been the subject of several other research reports. Guggenheim reissued a “neutral” rating on shares of Ameresco in a research report on Thursday, February 29th. Piper Sandler decreased their target price on Ameresco from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Raymond James cut their price target on Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 3rd. BNP Paribas upgraded Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Tuesday, March 12th. Finally, StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Ameresco Trading Down 0.3 %

AMRC opened at $18.56 on Wednesday. The business has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $25.97. The firm has a market capitalization of $970.32 million, a price-to-earnings ratio of 15.73, a PEG ratio of 0.56 and a beta of 1.56. 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 one year low of $17.55 and a one year high of $63.19.

Ameresco (NYSE:AMRC) last announced its 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 return on equity of 7.49% and a net margin of 4.54%. The firm had revenue of $441.40 million during the quarter, compared to analyst estimates of $399.98 million. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue was up 33.1% compared to the same quarter last year. Analysts predict that Ameresco will post 1.39 EPS for the current year.

Institutional Trading of Ameresco

Several institutional investors have recently added to or reduced their stakes in AMRC. JPMorgan Chase & Co. boosted its stake in Ameresco by 24.8% during the 1st quarter. JPMorgan Chase & Co. now owns 89,815 shares of the utilities provider’s stock valued at $7,141,000 after purchasing an additional 17,857 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Ameresco by 58.9% in the 1st quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider’s stock worth $1,271,000 after buying an additional 5,927 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Ameresco by 6.8% in the 1st quarter. Rhumbline Advisers now owns 32,223 shares of the utilities provider’s stock worth $2,562,000 after buying an additional 2,055 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Ameresco by 3.2% in the 1st quarter. BlackRock Inc. now owns 2,355,254 shares of the utilities provider’s stock worth $187,241,000 after buying an additional 72,667 shares during the last quarter. Finally, Cibc World Market Inc. boosted its stake in shares of Ameresco by 5.1% in the 1st quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock worth $658,000 after buying an additional 399 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Company Profile

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.