Ameresco (NYSE:AMRC) Lifted to Sell at StockNews.com

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

Other equities analysts also recently issued research reports about the stock. UBS Group increased their price target on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. B. Riley upgraded Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. Piper Sandler cut their price objective on Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Jefferies Financial Group initiated coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price for the company. Finally, Robert W. Baird raised their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ameresco currently has a consensus rating of “Moderate Buy” and an average target price of $37.08.

Ameresco Stock Performance

Ameresco stock opened at $34.81 on Wednesday. The stock has a fifty day moving average price of $32.42 and a 200 day moving average price of $29.78. Ameresco has a 52 week low of $17.55 and a 52 week high of $39.68. The firm has a market capitalization of $1.82 billion, a P/E ratio of 31.65, a PEG ratio of 1.21 and a beta of 1.79. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15.

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

Insider Buying and Selling

In other news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,878 shares in the company, valued at approximately $49,823.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 5,221 shares of company stock valued at $140,814 in the last quarter. Company insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Several institutional investors and hedge funds have recently bought and sold shares of AMRC. The Manufacturers Life Insurance Company lifted its stake in Ameresco by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock valued at $356,000 after buying an additional 489 shares during the last quarter. GAMMA Investing LLC increased its position in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 618 shares during the period. Bridge City Capital LLC boosted its position in Ameresco by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 622 shares during the period. Clean Yield Group grew its stake in shares of Ameresco by 0.6% in the second quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock worth $4,898,000 after purchasing an additional 1,087 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings 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 valued at $256,000 after purchasing an additional 1,410 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.