Ameresco (NYSE:AMRC) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a research note released on Tuesday.

Other equities analysts also recently issued reports about the stock. UBS Group lifted 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. Jefferies Financial Group began coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective for the company. Piper Sandler lifted their price objective on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.91.

Ameresco Stock Down 4.8 %

Shares of NYSE AMRC opened at $25.50 on Tuesday. The company’s 50-day simple moving average is $32.98 and its 200-day simple moving average is $31.04. 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 firm has a market cap of $1.34 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.82. Ameresco has a 52-week low of $17.55 and a 52-week high of $39.68.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised 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 buying an additional 391 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,279 shares during the period. nVerses Capital LLC bought a new stake in shares of Ameresco in the second quarter valued at approximately $75,000. Point72 DIFC Ltd acquired a new position in shares of Ameresco in the second quarter valued at $86,000. Finally, GAMMA Investing LLC raised its stake in Ameresco by 1,215.2% during the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 2,880 shares in the last quarter. Institutional investors and hedge funds 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.