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

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

A number of other research analysts also recently issued reports on AMRC. UBS Group upped their price objective on Ameresco from $39.00 to $40.00 and gave the company a buy rating in a research note on Thursday, September 5th. Robert W. Baird increased their price target on Ameresco from $32.00 to $42.00 and gave the stock an outperform rating in a research note on Monday, September 23rd. Piper Sandler cut their price target on Ameresco from $37.00 to $35.00 and set an overweight rating for the company in a research note on Tuesday, August 6th. B. Riley upgraded Ameresco to a strong-buy rating in a research note on Tuesday, June 25th. Finally, Jefferies Financial Group began coverage on Ameresco in a research note on Wednesday, September 4th. They set a hold rating and a $33.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ameresco has a consensus rating of Moderate Buy and an average target price of $38.46.

Ameresco Stock Up 0.9 %

Shares of NYSE:AMRC opened at $34.62 on Tuesday. The company has a market capitalization of $1.81 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.31 and a beta of 1.79. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. The business has a fifty day moving average price of $31.52 and a two-hundred day moving average price of $28.90. Ameresco has a 1 year low of $17.55 and a 1 year high of $39.68.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The business had revenue of $437.98 million during the quarter, compared to the consensus estimate of $373.75 million. Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The firm’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. Analysts forecast that Ameresco will post 1.16 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the sale, the chief financial officer now owns 1,878 shares of the company’s stock, valued at approximately $49,823.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 5,221 shares of company stock valued at $140,814. Corporate insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Several institutional investors and hedge funds have recently modified their holdings of AMRC. nVerses Capital LLC purchased a new stake in shares of Ameresco in the 2nd quarter valued at about $75,000. Point72 DIFC Ltd purchased a new stake in shares of Ameresco in the 2nd quarter valued at about $86,000. GAMMA Investing LLC raised its holdings in shares of Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 2,880 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Ameresco during the 2nd quarter valued at about $156,000. Finally, Northside Capital Management LLC bought a new position in shares of Ameresco during the 2nd quarter valued at about $216,000. Hedge funds and other 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.