Ameresco (NYSE:AMRC) Upgraded at StockNews.com

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a report published on Tuesday morning.

A number of other brokerages also recently weighed in on AMRC. UBS Group boosted their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Piper Sandler boosted their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird boosted their target price on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group started coverage on shares of Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Price Performance

NYSE:AMRC traded up $0.24 on Tuesday, reaching $27.02. The stock had a trading volume of 15,824 shares, compared to its average volume of 472,688. The company has a market capitalization of $1.42 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 0.88 and a beta of 1.82. Ameresco has a 1-year low of $17.55 and a 1-year high of $39.68. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The stock has a fifty day moving average price of $33.06 and a 200-day moving average price of $31.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMRC. Blue Trust Inc. boosted its holdings in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 391 shares during the last quarter. nVerses Capital LLC bought a new stake in Ameresco in the 2nd quarter valued at about $75,000. Point72 DIFC Ltd bought a new stake in shares of Ameresco during the second quarter valued at about $86,000. GAMMA Investing LLC increased its position in shares of Ameresco by 1,215.2% during the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after buying an additional 2,880 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,279 shares in the last quarter. 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.