Ameresco (NYSE:AMRC) Given New $19.00 Price Target at Jefferies Financial Group

Ameresco (NYSE:AMRC - Free Report) had its price objective increased by Jefferies Financial Group from $11.00 to $19.00 in a research note published on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the utilities provider's stock.

A number of other research firms have also commented on AMRC. Canaccord Genuity Group raised their price objective 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. Wall Street Zen downgraded shares of Ameresco from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Robert W. Baird reiterated a "neutral" rating and issued a $13.00 price objective (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Stifel Nicolaus dropped their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Piper Sandler set a $21.00 target price on Ameresco and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Ameresco has an average rating of "Hold" and a consensus price target of $18.33.

Ameresco Trading Down 3.0%

NYSE:AMRC traded down $0.56 during trading hours on Wednesday, hitting $18.22. The company had a trading volume of 294,445 shares, compared to its average volume of 661,778. 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 50-day moving average of $15.93 and a 200 day moving average of $15.62. The company has a market cap of $957.49 million, a P/E ratio of 17.87, a P/E/G ratio of 0.93 and a beta of 2.22. Ameresco has a 1 year low of $8.49 and a 1 year high of $39.68.

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

Institutional Investors Weigh In On Ameresco

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Ameresco by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock worth $74,767,000 after purchasing an additional 37,359 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ameresco by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock valued at $27,230,000 after acquiring an additional 214,918 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Ameresco by 12.8% during the 1st quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider's stock valued at $13,289,000 after acquiring an additional 125,030 shares in the last quarter. Gagnon Securities LLC raised its holdings in Ameresco by 69.6% in the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock valued at $11,700,000 after buying an additional 397,326 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock valued at $19,682,000 after buying an additional 464,737 shares during 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.