Ameresco, Inc. (NYSE:AMRC) Given Average Recommendation of “Moderate Buy” by Analysts

Ameresco, Inc. (NYSE:AMRC) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.90.

A number of brokerages recently weighed in on AMRC. UBS Group increased their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. 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 target on the stock. Robert W. Baird upped their price objective on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Stifel Nicolaus raised their target price on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Piper Sandler upped their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd.

Ameresco Price Performance

AMRC opened at $22.35 on Monday. The company’s 50-day simple moving average is $28.72 and its two-hundred day simple moving average is $30.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The stock has a market capitalization of $1.17 billion, a P/E ratio of 22.35, a P/E/G ratio of 0.90 and a beta of 1.76. Ameresco has a 52-week low of $17.55 and a 52-week high of $39.68.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently modified their holdings of AMRC. Blue Trust Inc. lifted its stake in shares of 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ameresco by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 489 shares during the period. GAMMA Investing LLC lifted its position in shares of Ameresco by 19.8% in the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 618 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,279 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Ameresco during the second quarter worth about $75,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

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.