Stifel Nicolaus Trims Ameresco (NYSE:AMRC) Target Price to $82.00

Ameresco (NYSE:AMRCGet Rating) had its target price decreased by Stifel Nicolaus from $91.00 to $82.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the utilities provider’s stock.

Several other research firms have also issued reports on AMRC. Craig Hallum dropped their price objective on Ameresco from $95.00 to $82.00 and set a buy rating on the stock in a research note on Tuesday. Piper Sandler lowered their target price on Ameresco from $62.00 to $57.00 and set a neutral rating for the company in a research report on Tuesday, July 19th. Robert W. Baird reduced their target price on Ameresco from $73.00 to $70.00 and set an outperform rating for the company in a research note on Tuesday, May 3rd. Guggenheim set a $58.00 price target on Ameresco in a research note on Monday, June 20th. Finally, Roth Capital cut their target price on Ameresco from $52.00 to $44.00 in a research note on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ameresco has a consensus rating of Hold and an average price target of $72.15.

Ameresco Price Performance

Shares of AMRC stock opened at $66.91 on Tuesday. The stock’s fifty day simple moving average is $50.28 and its 200 day simple moving average is $56.88. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.14 and a quick ratio of 2.11. Ameresco has a one year low of $40.73 and a one year high of $101.86. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 1.34 and a beta of 1.22.

Ameresco (NYSE:AMRCGet Rating) last released its earnings results on Monday, August 1st. The utilities provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Ameresco had a return on equity of 14.32% and a net margin of 5.47%. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, analysts expect that Ameresco will post 1.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D purchased a new position in Ameresco in the second quarter worth $1,867,000. CIBC Private Wealth Group LLC purchased a new stake in Ameresco during the second quarter valued at about $2,196,000. Stephens Investment Management Group LLC boosted its position in Ameresco by 9.2% during the second quarter. Stephens Investment Management Group LLC now owns 791,781 shares of the utilities provider’s stock valued at $36,074,000 after buying an additional 66,698 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Ameresco by 40.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 557,800 shares of the utilities provider’s stock valued at $23,763,000 after buying an additional 159,300 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in Ameresco by 28.8% during the second quarter. Handelsbanken Fonder AB now owns 2,056,849 shares of the utilities provider’s stock valued at $93,710,000 after buying an additional 459,950 shares during the period. 51.21% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Company Profile

(Get Rating)

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.

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Analyst Recommendations for Ameresco (NYSE:AMRC)

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