Ameresco (NYSE:AMRC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a research note released on Tuesday morning.

Other analysts have also issued reports about the stock. Raymond James decreased their target price on shares of Ameresco from $40.00 to $35.00 and set an outperform rating on the stock in a research report on Wednesday, April 3rd. B. Riley decreased their target price on shares of Ameresco from $46.00 to $40.00 and set a buy rating on the stock in a research report on Monday, February 5th. Guggenheim reiterated a neutral rating on shares of Ameresco in a research report on Thursday, February 29th. BNP Paribas upgraded shares of Ameresco from a neutral rating to an outperform rating and set a $34.00 target price on the stock in a research report on Tuesday, March 12th. Finally, Canaccord Genuity Group reduced their price target on shares of Ameresco from $50.00 to $36.00 and set a buy rating on the stock in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $45.33.

Ameresco Stock Performance

NYSE AMRC opened at $18.85 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24. The firm has a market capitalization of $985.48 million, a price-to-earnings ratio of 15.97, a P/E/G ratio of 0.54 and a beta of 1.56. The company’s fifty day moving average is $21.36 and its two-hundred day moving average is $25.85. Ameresco has a 52-week low of $17.55 and a 52-week high of $63.19.

Ameresco (NYSE:AMRC) last issued its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The business had revenue of $441.40 million for the quarter, compared to analyst estimates of $399.98 million. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue was up 33.1% on a year-over-year basis. Equities research analysts forecast that Ameresco will post 1.39 EPS for the current year.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently modified their holdings of the stock. ARGA Investment Management LP bought a new position in shares of Ameresco in the first quarter worth about $717,000. Bridge City Capital LLC raised 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 worth $1,927,000 after acquiring an additional 622 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ameresco by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,109,535 shares of the utilities provider’s stock worth $98,479,000 after acquiring an additional 41,199 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Ameresco by 11.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,056 shares of the utilities provider’s stock worth $636,000 after acquiring an additional 2,008 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Ameresco by 16.4% in the fourth quarter. Legal & General Group Plc now owns 164,812 shares of the utilities provider’s stock worth $5,220,000 after acquiring an additional 23,201 shares during the last quarter. 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.