Ameresco (NYSE:AMRC) Upgraded by StockNews.com to Sell

Ameresco (NYSE:AMRC - Get Free Report) was upgraded by stock analysts at StockNews.com to a "sell" rating in a research note issued to investors on Wednesday.

AMRC has been the topic of several other reports. Piper Sandler cut their price target on shares of Ameresco from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, April 11th. Guggenheim restated a "neutral" rating on shares of Ameresco in a research note on Thursday, February 29th. Truist Financial decreased their price target on Ameresco from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, April 22nd. B. Riley dropped their price target on Ameresco from $46.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, February 5th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Ameresco in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.42.

Ameresco Stock Up 21.0 %

Shares of NYSE AMRC traded up $4.67 during mid-day trading on Wednesday, reaching $26.91. 1,555,658 shares of the company were exchanged, compared to its average volume of 534,974. Ameresco has a 1 year low of $17.55 and a 1 year high of $63.19. The firm has a 50-day moving average of $21.28 and a 200 day moving average of $24.73. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 0.65 and a beta of 1.60. 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 (NYSE:AMRC - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The business had revenue of $298.41 million during the quarter, compared to analyst estimates of $255.38 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The company's quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that Ameresco will post 1.39 earnings per share for the current year.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in Ameresco during the 4th quarter worth about $62,000. Cetera Trust Company N.A acquired a new stake in Ameresco during the fourth quarter worth about $106,000. Quantbot Technologies LP purchased a new position in Ameresco during the third quarter valued at approximately $295,000. Inspire Investing LLC lifted its holdings in Ameresco by 25.1% in the third quarter. Inspire Investing LLC now owns 8,008 shares of the utilities provider's stock valued at $309,000 after acquiring an additional 1,607 shares during the period. Finally, TIAA Trust National Association purchased a new stake in Ameresco in the 3rd quarter worth approximately $328,000. Institutional investors and hedge funds own 99.24% of the company's stock.

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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