Wall Street Zen Upgrades Ameresco (NYSE:AMRC) to Hold

Ameresco (NYSE:AMRC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Several other brokerages have also commented on AMRC. Robert W. Baird reiterated a "neutral" rating and set a $13.00 price target (down from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. 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. Piper Sandler set a $21.00 price target on Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Stifel Nicolaus cut their price target on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Canaccord Genuity Group lifted their price target on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ameresco has a consensus rating of "Hold" and an average price target of $20.67.

Ameresco Stock Up 3.1%

Shares of NYSE AMRC traded up $0.48 during midday trading on Friday, hitting $15.99. 439,744 shares of the company's stock were exchanged, compared to its average volume of 505,630. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. Ameresco has a twelve month low of $8.49 and a twelve month high of $39.68. The company has a market cap of $840.34 million, a PE ratio of 15.99, a P/E/G ratio of 0.49 and a beta of 2.24. The firm's fifty day simple moving average is $12.28 and its 200-day simple moving average is $17.52.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $352.83 million for the quarter, compared to analyst estimates of $323.71 million. During the same period last year, the business earned ($0.10) EPS. Ameresco's revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts predict that Ameresco will post 1.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AMRC. Headlands Technologies LLC acquired a new position in shares of Ameresco in the first quarter valued at approximately $40,000. GAMMA Investing LLC increased its holdings in shares of Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after purchasing an additional 4,557 shares during the period. AlphaQuest LLC acquired a new position in shares of Ameresco in the first quarter valued at approximately $114,000. Advisors Asset Management Inc. increased its holdings in shares of Ameresco by 57.4% in the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider's stock valued at $118,000 after purchasing an additional 3,554 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of Ameresco in the first quarter valued at approximately $121,000. 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.