Ameresco (NYSE:AMRC) Stock Rating Upgraded by StockNews.com

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

A number of other research firms have also recently commented on AMRC. Canaccord Genuity Group cut their price target on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. B. Riley cut their price target on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Raymond James cut their price target on shares of Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, April 3rd. Guggenheim restated a “neutral” rating on shares of Ameresco in a report on Thursday, February 29th. Finally, BNP Paribas upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price target on the stock in a 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.33.

Ameresco Trading Down 4.3 %

Shares of AMRC opened at $18.61 on Tuesday. Ameresco has a twelve month low of $17.55 and a twelve month high of $63.19. The company has a market cap of $972.93 million, a P/E ratio of 15.77, a P/E/G ratio of 0.58 and a beta of 1.56. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26. The company’s fifty day simple moving average is $21.51 and its 200-day simple moving average is $26.02.

Ameresco (NYSE:AMRC) last announced its earnings results 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. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The business had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, analysts expect that Ameresco will post 1.39 EPS for the current year.

Hedge Funds Weigh In On Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of AMRC. International Assets Investment Management LLC purchased a new position in shares of Ameresco in the 3rd quarter valued at approximately $28,000. Tower Research Capital LLC TRC raised its position in shares of Ameresco by 302.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 849 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 638 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Ameresco in the 1st quarter valued at approximately $50,000. Quest Partners LLC purchased a new position in shares of Ameresco in the 4th quarter valued at approximately $62,000. Finally, Cetera Trust Company N.A purchased a new position in shares of Ameresco in the 4th quarter valued at approximately $106,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

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.