Ameresco (NYSE:AMRC) Earns "Market Perform" Rating from Oppenheimer

Ameresco (NYSE:AMRC - Get Free Report)'s stock had its "market perform" rating reiterated by analysts at Oppenheimer in a report released on Wednesday, Benzinga reports.

Other analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research note on Tuesday. Raymond James cut their price target on shares of Ameresco from $40.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, April 3rd. Guggenheim reissued a "neutral" rating on shares of Ameresco in a report on Thursday, February 29th. Piper Sandler cut their price target on shares of Ameresco from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, April 11th. Finally, BNP Paribas raised shares of Ameresco from a "neutral" rating to an "outperform" rating and set a $34.00 price target for the company in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Ameresco has an average rating of "Moderate Buy" and a consensus price target of $45.33.

Ameresco Stock Down 4.3 %

Shares of Ameresco stock traded down $0.83 on Wednesday, reaching $18.61. The stock had a trading volume of 530,087 shares, compared to its average volume of 540,917. The company has a 50 day moving average price of $21.51 and a 200 day moving average price of $26.02. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. Ameresco has a 1 year low of $17.55 and a 1 year high of $63.19. The stock has a market capitalization of $972.93 million, a P/E ratio of 15.77, a P/E/G ratio of 0.58 and a beta of 1.56.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.09. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The firm had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The company's quarterly revenue was up 33.1% compared to the same quarter last year. As a group, equities research analysts forecast that Ameresco will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMRC. JPMorgan Chase & Co. boosted its stake in shares of Ameresco by 24.8% in the first quarter. JPMorgan Chase & Co. now owns 89,815 shares of the utilities provider's stock valued at $7,141,000 after purchasing an additional 17,857 shares during the period. MetLife Investment Management LLC raised its holdings in Ameresco by 58.9% in the first quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider's stock valued at $1,271,000 after acquiring an additional 5,927 shares in the last quarter. Rhumbline Advisers raised its holdings in Ameresco by 6.8% during the first quarter. Rhumbline Advisers now owns 32,223 shares of the utilities provider's stock worth $2,562,000 after purchasing an additional 2,055 shares in the last quarter. BlackRock Inc. raised its holdings in Ameresco by 3.2% during the first quarter. BlackRock Inc. now owns 2,355,254 shares of the utilities provider's stock worth $187,241,000 after purchasing an additional 72,667 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in Ameresco by 5.1% during the first quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider's stock worth $658,000 after purchasing an additional 399 shares in the last quarter. Hedge funds and other institutional investors 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.