Ameresco, Inc. (NYSE:AMRC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ameresco, Inc. (NYSE:AMRC) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $37.80.

AMRC has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. UBS Group lifted their target price on shares of Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Cantor Fitzgerald initiated coverage on shares of Ameresco in a research note on Friday, January 23rd. They issued an “overweight” rating and a $41.00 price target for the company. B. Riley Financial raised their price objective on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, William Blair upgraded Ameresco to a “hold” rating in a report on Tuesday, January 27th.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently added to or reduced their stakes in AMRC. State of Wyoming bought a new stake in shares of Ameresco during the 4th quarter valued at $27,000. CoreCap Advisors LLC purchased a new position in Ameresco during the 3rd quarter valued at about $50,000. Tower Research Capital LLC TRC boosted its stake in Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,754 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Ameresco in the third quarter worth about $76,000. Finally, Nkcfo LLC bought a new position in shares of Ameresco during the third quarter valued at approximately $107,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Price Performance

Shares of AMRC stock opened at $32.74 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. Ameresco has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The firm has a market cap of $1.73 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.16 and a beta of 2.53. The business’s 50 day moving average price is $31.04 and its 200-day moving average price is $31.04.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.