Ameresco (NYSE:AMRC) Rating Lowered to "Sell" at Wall Street Zen

Ameresco (NYSE:AMRC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Canaccord Genuity Group lifted 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. Piper Sandler set a $21.00 price target on shares of Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Robert W. Baird reiterated a "neutral" rating and set a $13.00 price target (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Finally, Baird R W downgraded shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Ameresco currently has a consensus rating of "Hold" and a consensus target price of $20.67.

Ameresco Price Performance

Shares of AMRC opened at $17.92 on Friday. The firm has a market cap of $941.52 million, a PE ratio of 17.57, a PEG ratio of 0.84 and a beta of 2.22. The firm's 50 day moving average price is $15.02 and its 200 day moving average price is $15.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.56 and a current ratio of 1.57. Ameresco has a twelve month low of $8.49 and a twelve month high of $39.68.

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

Institutional Trading of Ameresco

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ameresco by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock valued at $977,000 after purchasing an additional 747 shares during the period. Bank of New York Mellon Corp lifted its stake in Ameresco by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock valued at $2,389,000 after buying an additional 859 shares in the last quarter. Alps Advisors Inc. lifted its stake in Ameresco by 2.2% in the first quarter. Alps Advisors Inc. now owns 50,285 shares of the utilities provider's stock valued at $607,000 after buying an additional 1,060 shares in the last quarter. Harvest Portfolios Group Inc. boosted its holdings in shares of Ameresco by 12.4% in the first quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider's stock valued at $152,000 after buying an additional 1,390 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Ameresco by 5.2% during the first quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider's stock worth $426,000 after acquiring an additional 1,730 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

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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