Ameresco (NYSE:AMRC) Upgraded to “Sell” by StockNews.com

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

A number of other analysts have also issued reports on the company. Truist Financial dropped their target price on Ameresco from $40.00 to $37.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Guggenheim reaffirmed a neutral rating on shares of Ameresco in a research report on Thursday, February 29th. BNP Paribas raised shares of 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. Raymond James dropped their price target 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, Canaccord Genuity Group reduced their price objective on shares of Ameresco from $50.00 to $36.00 and set a buy rating on the stock in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Ameresco presently has a consensus rating of Moderate Buy and an average target price of $40.92.

Ameresco Stock Up 21.1 %

Shares of NYSE:AMRC opened at $26.94 on Wednesday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company has a 50 day moving average of $21.28 and a two-hundred day moving average of $24.73. Ameresco has a 52-week low of $17.55 and a 52-week high of $63.19. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26.

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

Hedge Funds Weigh In On Ameresco

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC bought a new stake in Ameresco in the 4th quarter valued at about $62,000. Cetera Trust Company N.A bought a new stake in shares of Ameresco during the fourth quarter valued at approximately $106,000. State Board of Administration of Florida Retirement System boosted its position 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 worth $256,000 after buying an additional 1,410 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in Ameresco by 24.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider’s stock worth $275,000 after buying an additional 1,712 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Ameresco in the 3rd quarter valued at approximately $295,000. 99.24% of the stock is 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.