Ameresco (NYSE:AMRC) Given New $25.00 Price Target at Robert W. Baird

Ameresco (NYSE:AMRC) had its price target trimmed by Robert W. Baird from $42.00 to $25.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the utilities provider’s stock.

AMRC has been the subject of several other reports. Stifel Nicolaus increased their price target on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Finally, UBS Group reduced their price target on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Ameresco Stock Down 35.6 %

AMRC stock opened at $11.80 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market capitalization of $618.83 million, a P/E ratio of 11.80, a P/E/G ratio of 0.49 and a beta of 1.79. The business has a 50-day moving average of $22.27 and a 200-day moving average of $27.62. Ameresco has a fifty-two week low of $11.78 and a fifty-two week high of $39.68.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The firm had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. On average, sell-side analysts anticipate that Ameresco will post 1.15 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

A number of large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Ameresco by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,684 shares of the utilities provider’s stock worth $2,106,000 after purchasing an additional 13,127 shares during the period. Voloridge Investment Management LLC increased its stake in shares of Ameresco by 7.0% during the fourth quarter. Voloridge Investment Management LLC now owns 301,861 shares of the utilities provider’s stock worth $7,088,000 after purchasing an additional 19,626 shares during the period. Squarepoint Ops LLC increased its stake in Ameresco by 27.2% during the 4th quarter. Squarepoint Ops LLC now owns 71,891 shares of the utilities provider’s stock worth $1,688,000 after acquiring an additional 15,388 shares during the period. Sherbrooke Park Advisers LLC bought a new position in Ameresco during the 4th quarter worth $398,000. Finally, Silvercrest Asset Management Group LLC increased its stake in Ameresco by 41.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider’s stock worth $5,677,000 after acquiring an additional 71,236 shares during the period. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

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.