Ameresco (NYSE:AMRC) Price Target Raised to $34.00 at Stifel Nicolaus

Ameresco (NYSE:AMRC) had its price objective boosted by Stifel Nicolaus from $32.00 to $34.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 28.54% from the company’s previous close.

Several other equities analysts have also issued reports on AMRC. UBS Group lifted their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group began coverage on Ameresco in a research report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target for the company. Piper Sandler raised their price objective on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Robert W. Baird increased their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ameresco currently has a consensus rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Stock Down 7.5 %

NYSE:AMRC opened at $26.45 on Monday. 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 firm has a market cap of $1.39 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. The company has a 50-day moving average of $33.22 and a 200 day moving average of $31.08. Ameresco has a 1-year low of $17.55 and a 1-year high of $39.68.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMRC. Vanguard Group Inc. increased its position in shares of Ameresco by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock valued at $75,909,000 after acquiring an additional 36,303 shares during the period. LGT Group Foundation acquired a new position in shares of Ameresco in the second quarter valued at about $20,325,000. Swedbank AB purchased a new position in shares of Ameresco in the first quarter worth about $12,065,000. Point72 Asset Management L.P. acquired a new stake in shares of Ameresco during the second quarter worth about $10,821,000. Finally, Redwood Grove Capital LLC purchased a new stake in Ameresco in the first quarter valued at approximately $7,170,000. Institutional investors and hedge funds 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.