Ameresco, Inc. (NYSE:AMRC) Given Consensus Rating of “Moderate Buy” by Analysts

Ameresco, Inc. (NYSE:AMRC) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $36.90.

Several research firms have issued reports on AMRC. Robert W. Baird increased their target price on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group initiated coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective on the stock. Stifel Nicolaus raised their target price on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Piper Sandler upped their price target on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, UBS Group increased their price target on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th.

Ameresco Stock Performance

NYSE AMRC opened at $25.00 on Monday. The company’s 50 day moving average is $29.58 and its 200-day moving average is $30.97. The firm has a market cap of $1.31 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.76. Ameresco has a 12-month low of $17.55 and a 12-month high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 391 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Ameresco in the 2nd quarter worth approximately $75,000. Point72 DIFC Ltd purchased a new stake in shares of Ameresco in the 2nd quarter valued at $86,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,279 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 618 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.