Oppenheimer Reaffirms Market Perform Rating for Ameresco (NYSE:AMRC)

Oppenheimer reiterated their market perform rating on shares of Ameresco (NYSE:AMRC) in a research report released on Wednesday morning, Benzinga reports.

A number of other equities research analysts have also issued reports on AMRC. B. Riley cut their target price on Ameresco from $46.00 to $40.00 and set a buy rating on the stock in a research report on Monday, February 5th. Canaccord Genuity Group cut their target price on Ameresco from $50.00 to $36.00 and set a buy rating on the stock in a research report on Thursday, February 29th. Guggenheim reaffirmed a neutral rating on shares of Ameresco in a research report on Thursday, February 29th. Raymond James cut their target price on Ameresco from $40.00 to $35.00 and set an outperform rating on the stock in a research report on Wednesday, April 3rd. Finally, BNP Paribas raised 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Ameresco presently has a consensus rating of Moderate Buy and a consensus price target of $45.33.

Ameresco Trading Down 4.3 %

Shares of Ameresco stock opened at $18.61 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. The firm has a market cap of $972.93 million, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 0.58 and a beta of 1.56. The business has a fifty day simple moving average of $21.51 and a 200-day simple moving average of $26.02. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $63.19.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data 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. The business had revenue of $441.40 million during the quarter, compared to analyst estimates of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Ameresco will post 1.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMRC. International Assets Investment Management LLC acquired a new position in Ameresco in the 3rd quarter worth about $28,000. Tower Research Capital LLC TRC increased its position in Ameresco by 302.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 849 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 638 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Ameresco in the 1st quarter worth about $50,000. Quest Partners LLC acquired a new position in Ameresco in the 4th quarter worth about $62,000. Finally, Cetera Trust Company N.A acquired a new position in Ameresco in the 4th quarter worth about $106,000. 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.