Ameresco (NYSE:AMRC) Raised to “Sell” at StockNews.com

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

Other analysts also recently issued reports about the company. B. Riley cut their target price on Ameresco from $46.00 to $40.00 and set a buy rating for the company in a research report on Monday, February 5th. 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. Raymond James lowered their price objective on shares of Ameresco from $40.00 to $35.00 and set an outperform rating for the company in a research report on Wednesday, April 3rd. Piper Sandler reduced their target price on Ameresco from $32.00 to $30.00 and set an overweight rating on the stock in a report on Thursday, April 11th. Finally, BNP Paribas raised Ameresco from a neutral rating to an outperform rating and set a $34.00 price target for the company in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $45.33.

Ameresco Price Performance

NYSE:AMRC opened at $19.43 on Tuesday. Ameresco has a 52 week low of $17.55 and a 52 week high of $63.19. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25. The firm’s 50-day simple moving average is $21.58 and its 200 day simple moving average is $26.07. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 0.60 and a beta of 1.56.

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

Hedge Funds Weigh In On Ameresco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. ARGA Investment Management LP acquired a new position in shares of Ameresco during the first quarter worth $717,000. Bridge City Capital LLC lifted its holdings in Ameresco by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock worth $1,927,000 after buying an additional 622 shares during the period. Vanguard Group Inc. grew its position in shares of Ameresco by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,109,535 shares of the utilities provider’s stock valued at $98,479,000 after buying an additional 41,199 shares during the last quarter. Price T Rowe Associates Inc. MD increased 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 valued at $636,000 after buying an additional 2,008 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Ameresco by 16.4% during 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 currently owned by institutional investors and hedge funds.

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.