Ameresco (NYSE:AMRC) Stock Rating Lowered by Wall Street Zen

Key Points

• Ameresco (NYSE:AMRC) has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, amidst mixed ratings from various analysts.
• The company's recent quarterly earnings report showed $0.27 EPS which exceeded expectations and revealed a 7.8% year-over-year revenue increase.
• Institutional investors hold a significant majority of Ameresco's shares, with 99.24% of the company's stock owned by them.

Ameresco (NYSE:AMRC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

Several other analysts also recently weighed in on the company. Robert W. Baird upgraded Ameresco from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $23.00 to $35.00 in a research report on Tuesday, September 2nd. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and increased their target price for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Stifel Nicolaus dropped their target price on Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Jefferies Financial Group increased their target price on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Ameresco currently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Ameresco Price Performance

Shares of AMRC stock opened at $25.84 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55. Ameresco has a twelve month low of $8.49 and a twelve month high of $39.68. The company has a market cap of $1.36 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.29 and a beta of 2.26. The business has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $15.47.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The business had revenue of $472.28 million during the quarter, compared to the consensus estimate of $415.30 million. During the same period in the prior year, the company earned $0.10 EPS. Ameresco's revenue for the quarter was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, sell-side analysts forecast that Ameresco will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in Ameresco during the first quarter worth approximately $40,000. Tower Research Capital LLC TRC grew its stake in Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock worth $53,000 after purchasing an additional 1,754 shares during the period. Lazard Asset Management LLC grew its stake in Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after purchasing an additional 4,362 shares during the period. GAMMA Investing LLC grew its stake in Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after purchasing an additional 4,557 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Ameresco during the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Company Profile

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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