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

Ameresco, Inc. (NYSE:AMRC) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research 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 objective among brokers that have updated their coverage on the stock in the last year is $36.90.

A number of brokerages have issued reports on AMRC. Robert W. Baird boosted their price target on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. 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, Piper Sandler increased 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.

Ameresco Stock Performance

NYSE AMRC opened at $27.12 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 27.12, a PEG ratio of 0.90 and a beta of 1.79. The stock has a 50-day simple moving average of $26.69 and a two-hundred day simple moving average of $29.72. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68.

Institutional Trading of Ameresco

A number of institutional investors have recently made changes to their positions in AMRC. Blue Trust Inc. grew its stake in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 391 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Ameresco during the 2nd quarter worth approximately $86,000. Point72 Asia Singapore Pte. Ltd. grew 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 purchasing an additional 2,279 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ameresco by 19.8% in the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 618 shares during the last quarter. Finally, FMR LLC lifted its position in Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

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.