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 note issued to investors on Monday.

Several other research firms have also recently weighed in on AMRC. Raymond James lowered their price objective on Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 3rd. BNP Paribas upgraded 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. Stifel Nicolaus cut their price target on Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Truist Financial lowered their price objective on Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Robert W. Baird upped their target price on Ameresco from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ameresco has a consensus rating of “Moderate Buy” and an average price target of $40.31.

Ameresco Stock Performance

Shares of NYSE AMRC traded down $2.81 during mid-day trading on Monday, reaching $26.00. 477,036 shares of the company were exchanged, compared to its average volume of 525,784. Ameresco has a twelve month low of $17.55 and a twelve month high of $63.19. The stock has a market capitalization of $1.36 billion, a P/E ratio of 23.64, a P/E/G ratio of 0.83 and a beta of 1.78. The company’s 50-day simple moving average is $29.68 and its 200-day simple moving average is $25.74. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.09.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share (EPS) 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 firm had revenue of $298.41 million during the quarter, compared to the consensus estimate of $255.38 million. During the same period last year, the business posted $0.03 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts predict that Ameresco will post 1.38 earnings per share for the current year.

Insiders Place Their Bets

In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of the firm’s 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 owns 348 shares in the company, valued at $12,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Several large investors have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in Ameresco by 1.0% in the third quarter. Rhumbline Advisers now owns 44,866 shares of the utilities provider’s stock valued at $1,730,000 after purchasing an additional 465 shares during the period. Bridge City Capital LLC increased its stake in shares of Ameresco by 0.8% in the first quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock valued at $1,927,000 after buying an additional 622 shares during the period. Victory Capital Management Inc. increased its stake in shares of Ameresco by 8.8% in the fourth 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 during the period. Otter Creek Advisors LLC raised its position in shares of Ameresco by 1.2% during the fourth quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock worth $2,181,000 after acquiring an additional 818 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Ameresco by 15.4% in 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 acquiring an additional 1,410 shares during the period. 99.24% of the stock is currently 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.