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

Ameresco (NYSE:AMRC)‘s stock had its “market perform” rating reissued by stock analysts at Oppenheimer in a note issued to investors on Wednesday, Benzinga reports.

Several other analysts also recently issued reports on AMRC. Raymond James cut their price objective on Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, April 3rd. B. Riley dropped their target price on Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Piper Sandler dropped their target price on Ameresco from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. StockNews.com upgraded Ameresco to a “sell” rating in a report on Tuesday. Finally, BNP Paribas upgraded Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Tuesday, March 12th. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.33.

Ameresco Price Performance

NYSE AMRC traded down $0.57 on Wednesday, reaching $18.87. The company’s stock had a trading volume of 372,127 shares, compared to its average volume of 538,384. The firm’s 50 day moving average is $21.58 and its two-hundred day moving average is $26.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25. The stock has a market cap of $986.52 million, a PE ratio of 16.07, a PEG ratio of 0.58 and a beta of 1.56. Ameresco has a twelve month low of $17.55 and a twelve month high of $63.19.

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

Institutional Investors Weigh In On Ameresco

A number of large investors have recently added to or reduced their stakes in the stock. ARGA Investment Management LP bought a new stake in Ameresco during the first quarter worth approximately $717,000. Bridge City Capital LLC boosted its position in Ameresco by 0.8% during the first quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 622 shares during the period. Vanguard Group Inc. boosted its position in shares of Ameresco by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,109,535 shares of the utilities provider’s stock valued at $98,479,000 after acquiring an additional 41,199 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Ameresco by 11.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,056 shares of the utilities provider’s stock valued at $636,000 after acquiring an additional 2,008 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Ameresco by 16.4% in the fourth quarter. Legal & General Group Plc now owns 164,812 shares of the utilities provider’s stock valued at $5,220,000 after acquiring an additional 23,201 shares during the period. 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.