Ameresco (NYSE:AMRC) Upgraded at StockNews.com

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

Several other equities analysts also recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. Piper Sandler boosted their price objective 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. Robert W. Baird upped their price target on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Jefferies Financial Group began coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, UBS Group upped their price target on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. One 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 assigned a strong buy rating to the stock. According to MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Stock Performance

Shares of AMRC stock opened at $28.60 on Tuesday. The company has a 50 day moving average price of $33.28 and a 200-day moving average price of $31.04. Ameresco has a 52 week low of $17.55 and a 52 week high of $39.68. The firm has a market capitalization of $1.50 billion, a PE ratio of 28.60, a P/E/G ratio of 0.92 and a beta of 1.82. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15.

Hedge Funds Weigh In On Ameresco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis acquired a new stake in Ameresco during the 1st quarter worth $480,000. Harbor Capital Advisors Inc. boosted its holdings in Ameresco by 187.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider’s stock valued at $1,982,000 after purchasing an additional 44,882 shares in the last quarter. Swedbank AB acquired a new position in Ameresco during the 1st quarter worth approximately $12,065,000. Connors Investor Services Inc. raised its stake 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 worth $3,449,000 after buying an additional 37,368 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Ameresco in the first quarter valued at approximately $1,009,000. Hedge funds and other 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.