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

Ameresco (NYSE:AMRC) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued on Saturday.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus reduced their target price on shares of Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Truist Financial decreased their price objective on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Robert W. Baird upped their target price on Ameresco from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Piper Sandler decreased their price target on Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, B. Riley raised Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Ameresco Price Performance

Shares of NYSE AMRC opened at $27.85 on Friday. The company has a fifty day moving average price of $30.34 and a 200 day moving average price of $26.22. The firm has a market cap of $1.46 billion, a PE ratio of 25.32, a PEG ratio of 0.86 and a beta of 1.78. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. Ameresco has a 1-year low of $17.55 and a 1-year high of $48.00.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The firm had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 33.9% compared to the same quarter last year. Research analysts predict that Ameresco will post 1.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the transaction, the chief accounting officer now directly owns 348 shares of the company’s stock, valued at approximately $12,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $35.00, for a total value of $105,000.00. Following the completion of the transaction, the chief accounting officer now owns 348 shares in the company, valued at approximately $12,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction dated 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 $49,823.34. The disclosure for this sale can be found here. Corporate insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Hedge funds have recently modified their holdings of the stock. Quest Partners LLC bought a new stake in shares of Ameresco in the fourth quarter valued at $62,000. nVerses Capital LLC purchased a new stake in shares of Ameresco in the second quarter worth about $75,000. Point72 DIFC Ltd bought a new position in shares of Ameresco in the second quarter valued at approximately $86,000. GAMMA Investing LLC lifted its stake in Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 2,880 shares in the last quarter. Finally, Cetera Trust Company N.A bought a new position in shares of Ameresco in the fourth quarter worth $106,000. Institutional investors 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.