StockNews.com Upgrades Ameresco (NYSE:AMRC) to Sell

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

Several other equities research analysts have also recently issued reports on AMRC. Piper Sandler decreased their target price 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. Canaccord Genuity Group lowered their price objective 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. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research report on Wednesday, April 17th. BNP Paribas raised Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Tuesday, March 12th. Finally, B. Riley cut their price objective on Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, February 5th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.42.

Ameresco Stock Up 3.7 %

AMRC stock opened at $27.95 on Wednesday. The company has a 50 day moving average price of $21.42 and a two-hundred day moving average price of $24.75. 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 stock has a market capitalization of $1.46 billion, a P/E ratio of 23.69, a PEG ratio of 0.65 and a beta of 1.60. Ameresco has a one year low of $17.55 and a one year high of $63.19.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The business had revenue of $298.41 million during the quarter, compared to the consensus estimate of $255.38 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Ameresco will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its holdings in shares of Ameresco by 15.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after buying an additional 1,410 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Ameresco by 11.6% during the first quarter. Russell Investments Group Ltd. now owns 82,273 shares of the utilities provider’s stock valued at $1,985,000 after purchasing an additional 8,542 shares in the last quarter. Inspire Investing LLC lifted its holdings in Ameresco by 23.8% in the first quarter. Inspire Investing LLC now owns 14,906 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 2,869 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Ameresco by 20.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,966 shares of the utilities provider’s stock valued at $1,157,000 after buying an additional 7,995 shares in the last quarter. Finally, ARGA Investment Management LP acquired a new position in Ameresco during the 1st quarter valued at about $717,000. Institutional investors own 99.24% of the company’s stock.

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.