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

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

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group initiated coverage on Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird increased their price objective 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. UBS Group lifted their price objective on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Piper Sandler increased their target price on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.91.

Ameresco Trading Down 7.5 %

NYSE AMRC opened at $26.45 on Tuesday. Ameresco has a one year low of $17.55 and a one year high of $39.68. The firm has a 50 day simple moving average of $33.22 and a 200-day simple moving average of $31.08. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 0.92 and a beta of 1.82.

Institutional Investors Weigh In On Ameresco

Hedge funds have recently modified their holdings of the stock. Natixis acquired a new position in shares of Ameresco in the 1st quarter valued at about $480,000. Harbor Capital Advisors Inc. increased its position in shares of Ameresco by 187.8% in the second quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider’s stock worth $1,982,000 after acquiring an additional 44,882 shares in the last quarter. Swedbank AB purchased a new position in shares of Ameresco in the 1st quarter valued at $12,065,000. Connors Investor Services Inc. lifted its holdings in shares of Ameresco by 35.4% during the 1st quarter. Connors Investor Services Inc. now owns 142,915 shares of the utilities provider’s stock valued at $3,449,000 after acquiring an additional 37,368 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in shares of Ameresco during the 1st quarter valued at $1,009,000. 99.24% of the stock is owned by institutional investors and hedge funds.

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.