Ameresco, Inc. (NYSE:AMRC) Receives $36.91 Average Target Price from Brokerages

Ameresco, Inc. (NYSE:AMRC) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $36.91.

Several equities analysts recently commented on the stock. Robert W. Baird upped their target price on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. UBS Group increased their price target on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Stifel Nicolaus upped their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group initiated coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price on the stock. Finally, StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On Ameresco

A number of hedge funds have recently added to or reduced their stakes in AMRC. Vanguard Group Inc. lifted its position in shares of Ameresco by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock valued at $75,909,000 after buying an additional 36,303 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Ameresco by 81.3% in the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Ameresco by 1.4% in the third quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider’s stock valued at $28,642,000 after purchasing an additional 10,197 shares during the period. LGT Group Foundation purchased a new stake in shares of Ameresco during the 2nd quarter valued at approximately $20,325,000. Finally, Swedbank AB bought a new position in Ameresco in the 1st quarter worth approximately $12,065,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Trading Up 3.1 %

NYSE:AMRC opened at $27.20 on Thursday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 0.88 and a beta of 1.82. The company’s 50 day moving average is $32.40 and its 200-day moving average is $31.30. 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.

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.