Ameresco (NYSE:AMRC) Rating Increased to Strong-Buy at B. Riley

B. Riley upgraded shares of Ameresco (NYSE:AMRC) to a strong-buy rating in a research report report published on Tuesday, Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Ameresco from $28.00 to $32.00 and gave the stock an outperform rating in a report on Thursday, May 9th. Truist Financial dropped their target price on shares of Ameresco from $40.00 to $37.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Raymond James dropped their target price on shares of Ameresco from $40.00 to $35.00 and set an outperform rating on the stock in a research note on Wednesday, April 3rd. Oppenheimer reiterated a market perform rating on shares of Ameresco in a research note on Wednesday, April 17th. Finally, BNP Paribas upgraded shares of Ameresco from a neutral rating to an outperform rating and set a $34.00 target price on the stock in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $40.31.

Ameresco Stock Up 0.0 %

Ameresco stock opened at $30.75 on Tuesday. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $63.19. The stock has a market cap of $1.61 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 0.91 and a beta of 1.78. The firm’s 50-day simple moving average is $29.35 and its 200 day simple moving average is $25.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.96 and a current ratio of 0.97.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The business had revenue of $298.41 million for the quarter, compared to analysts’ expectations of $255.38 million. During the same period in the previous year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts predict that Ameresco will post 1.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total value of $105,000.00. Following the sale, the chief accounting officer now directly owns 348 shares in the company, valued at approximately $12,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.00% of the stock is owned by insiders.

Institutional Trading of Ameresco

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Ameresco during the 4th quarter valued at $62,000. Cetera Trust Company N.A purchased a new stake in shares of Ameresco during the 4th quarter valued at $106,000. Dynamic Advisor Solutions LLC raised its position in shares of Ameresco by 24.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider’s stock valued at $275,000 after buying an additional 1,712 shares in the last quarter. Invst LLC purchased a new stake in shares of Ameresco during the 1st quarter valued at $225,000. Finally, Victory Capital Management Inc. raised its position in shares of Ameresco by 8.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock valued at $295,000 after buying an additional 752 shares in 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.