Jefferies Financial Group Initiates Coverage on Ameresco (NYSE:AMRC)

Jefferies Financial Group began coverage on shares of Ameresco (NYSE:AMRC) in a research note issued to investors on Wednesday, Marketbeat reports. The firm issued a hold rating and a $33.00 price objective on the utilities provider’s stock.

Several other equities analysts also recently issued reports on AMRC. StockNews.com upgraded Ameresco to a sell rating in a research report on Saturday, August 17th. Piper Sandler dropped their target price on Ameresco from $37.00 to $35.00 and set an overweight rating for the company in a research report on Tuesday, August 6th. B. Riley upgraded Ameresco to a strong-buy rating in a research report on Tuesday, June 25th. UBS Group boosted their target price on Ameresco from $36.00 to $39.00 and gave the stock a buy rating in a research report on Tuesday, May 14th. Finally, Robert W. Baird restated an outperform rating and set a $32.00 target price on shares of Ameresco in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ameresco presently has a consensus rating of Moderate Buy and a consensus target price of $37.62.

Ameresco Price Performance

Ameresco stock opened at $29.29 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $1.53 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.06 and a beta of 1.78. Ameresco has a one year low of $17.55 and a one year high of $47.56. The business has a 50 day simple moving average of $29.34 and a 200 day simple moving average of $26.82.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The business had revenue of $437.98 million during the quarter, compared to the consensus estimate of $373.75 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 33.9% compared to the same quarter last year. On average, sell-side analysts forecast that Ameresco will post 1.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the transaction, the chief financial officer now owns 1,878 shares in the company, valued at approximately $49,823.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 42.00% of the stock is owned by corporate insiders.

Institutional Trading of Ameresco

Hedge funds have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in shares of Ameresco in the 4th quarter worth about $62,000. nVerses Capital LLC purchased a new position in shares of Ameresco in the 2nd quarter worth about $75,000. Point72 DIFC Ltd purchased a new position in shares of Ameresco in the 2nd quarter worth about $86,000. GAMMA Investing LLC boosted its holdings in shares of Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after buying an additional 2,880 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Ameresco in the 2nd quarter worth about $156,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.