Ameresco, Inc. (NYSE:AMRC) Given Average Recommendation of "Hold" by Brokerages

Ameresco, Inc. (NYSE:AMRC - Get Free Report) has received an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $20.67.

AMRC has been the topic of a number of recent analyst reports. Piper Sandler set a $21.00 price objective on shares of Ameresco and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Baird R W downgraded shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. UBS Group reiterated a "sell" rating and issued a $11.00 price objective on shares of Ameresco in a research note on Tuesday, June 3rd. Canaccord Genuity Group increased their price target on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $13.00 price objective (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th.

Institutional Investors Weigh In On Ameresco

Several institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Ameresco in the first quarter valued at approximately $40,000. KLP Kapitalforvaltning AS acquired a new position in Ameresco during the fourth quarter worth $146,000. Lazard Asset Management LLC increased its holdings in shares of Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after purchasing an additional 4,362 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after purchasing an additional 4,557 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Ameresco in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Stock Up 3.3%

AMRC stock opened at $16.81 on Friday. Ameresco has a twelve month low of $8.49 and a twelve month high of $39.68. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $883.20 million, a P/E ratio of 16.48, a PEG ratio of 0.77 and a beta of 2.22. The firm has a 50 day simple moving average of $14.31 and a 200-day simple moving average of $16.24.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.15. The firm had revenue of $352.83 million during the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a net margin of 2.97% and a return on equity of 6.32%. The firm's revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) earnings per share. On average, equities research analysts predict that Ameresco will post 1.15 earnings per share for the current fiscal year.

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.

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