Ameresco (NYSE:AMRC) Given New $37.00 Price Target at UBS Group

Ameresco (NYSE:AMRC) had its price objective reduced by analysts at UBS Group from $40.00 to $37.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. UBS Group’s price target suggests a potential upside of 100.37% from the stock’s previous close.

AMRC has been the subject of a number of other reports. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.22.

Ameresco Stock Performance

NYSE:AMRC traded up $0.08 during mid-day trading on Wednesday, hitting $18.47. The stock had a trading volume of 139,818 shares, compared to its average volume of 378,661. The stock has a market capitalization of $968.36 million, a price-to-earnings ratio of 18.48, a P/E/G ratio of 0.49 and a beta of 1.79. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco has a 52 week low of $17.55 and a 52 week high of $39.68. The company has a 50 day simple moving average of $22.44 and a 200-day simple moving average of $27.75.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the transaction, the director now directly owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMRC. Blue Trust Inc. raised its stake in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after buying an additional 391 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,279 shares during the last quarter. FMR LLC lifted its holdings in Ameresco by 257.9% in the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 3,855 shares during the period. PFG Investments LLC bought a new stake in shares of Ameresco during the 3rd quarter valued at about $207,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Ameresco during the 4th quarter valued at $146,000. 99.24% of the stock is owned by 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.