Ameresco (NYSE:AMRC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Ameresco, Inc. (NYSE:AMRC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.04 and traded as high as $34.15. Ameresco shares last traded at $32.7440, with a volume of 434,698 shares traded.

Wall Street Analyst Weigh In

AMRC has been the topic of several recent analyst reports. B. Riley Financial boosted their target price on shares of Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wall Street Zen cut Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Jefferies Financial Group set a $45.00 price target on shares of Ameresco and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Roth Mkm reiterated a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Finally, Stifel Nicolaus increased their price target on Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, November 14th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.80.

Ameresco Stock Performance

The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50. The stock’s 50 day simple moving average is $31.04 and its two-hundred day simple moving average is $31.04. The stock has a market cap of $1.73 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.16 and a beta of 2.53.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new position in Ameresco during the fourth quarter valued at approximately $27,000. CoreCap Advisors LLC acquired a new stake in shares of Ameresco in the 3rd quarter valued at approximately $50,000. Tower Research Capital LLC TRC grew its stake in shares of Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Ameresco during the third quarter worth $76,000. Finally, Nkcfo LLC bought a new stake in Ameresco during the third quarter worth $107,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

About Ameresco

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.