Ameresco, Inc. (NYSE:AMRC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $37.80.

Several equities analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ameresco in a research report on Monday, December 29th. B. Riley Financial lifted their price target on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Roth Mkm reissued a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Finally, Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th.

Institutional Investors Weigh In On Ameresco

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its holdings in shares of Ameresco by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 679,355 shares of the utilities provider’s stock worth $10,319,000 after purchasing an additional 84,960 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after buying an additional 1,683,326 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Ameresco by 318.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,788 shares of the utilities provider’s stock worth $3,620,000 after acquiring an additional 82,015 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Ameresco by 33.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 753,807 shares of the utilities provider’s stock worth $11,450,000 after acquiring an additional 187,380 shares during the last quarter. Finally, Swedbank AB bought a new position in Ameresco in the 3rd quarter valued at about $3,895,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Price Performance

Shares of AMRC stock opened at $32.90 on Friday. The business has a fifty day simple moving average of $31.08 and a 200 day simple moving average of $31.47. The company has a market cap of $1.74 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.13 and a beta of 2.53. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.57. Ameresco has a twelve month low of $8.49 and a twelve month high of $44.93.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.