Jefferies Financial Group Boosts Ameresco (NYSE:AMRC) Price Target to $19.00

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

A number of other research analysts have also recently commented on the company. UBS Group reaffirmed a "sell" rating and set a $11.00 price target on shares of Ameresco in a research report on Tuesday, June 3rd. Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Baird R W cut Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Canaccord Genuity Group raised their target price on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their target price on Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, May 12th. 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, the stock currently has a consensus rating of "Hold" and an average target price of $18.33.

Ameresco Stock Performance

Shares of AMRC stock traded down $0.67 during trading on Wednesday, reaching $18.11. 450,790 shares of the company's stock were exchanged, compared to its average volume of 762,654. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $951.50 million, a PE ratio of 17.76, a PEG ratio of 0.86 and a beta of 2.22. Ameresco has a twelve month low of $8.49 and a twelve month high of $39.68. The firm's fifty day moving average price is $16.00 and its 200-day moving average price is $15.47.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMRC. Janney Montgomery Scott LLC acquired a new stake in shares of Ameresco during the first quarter worth about $1,043,000. Allspring Global Investments Holdings LLC increased its stake in shares of Ameresco by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider's stock worth $205,000 after purchasing an additional 5,949 shares in the last quarter. Rock Point Advisors LLC increased its stake in shares of Ameresco by 97.7% during the 1st quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock worth $6,245,000 after purchasing an additional 255,538 shares in the last quarter. Vanguard Group Inc. increased its stake 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. Finally, Invesco Ltd. increased its stake in shares of Ameresco by 29.8% during the 4th quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock worth $7,560,000 after purchasing an additional 73,928 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.