Ameresco (NYSE:AMRC) Shares Up 4.4%

Ameresco, Inc. (NYSE:AMRC)’s share price shot up 4.4% during trading on Tuesday . The company traded as high as $29.35 and last traded at $29.18. 243,668 shares traded hands during trading, a decline of 55% from the average session volume of 537,355 shares. The stock had previously closed at $27.94.

Analysts Set New Price Targets

A number of research firms recently commented on AMRC. UBS Group lifted their target price on Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Guggenheim reaffirmed a “neutral” rating on shares of Ameresco in a report on Thursday, February 29th. B. Riley decreased their target price on Ameresco from $46.00 to $40.00 and set a “buy” rating for the company in a report on Monday, February 5th. Raymond James decreased their price target on Ameresco from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, April 3rd. Finally, Stifel Nicolaus decreased their price target on Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.31.

Ameresco Trading Up 2.0 %

The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $23.23 and a 200-day simple moving average of $24.84. The company has a market capitalization of $1.69 billion, a PE ratio of 29.31, a PEG ratio of 0.86 and a beta of 1.60.

Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The company had revenue of $298.41 million during the quarter, compared to analysts’ expectations of $255.38 million. During the same period in the prior year, the business earned $0.03 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts predict that Ameresco, Inc. will post 1.38 EPS for the current year.

Hedge Funds Weigh In On Ameresco

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Ameresco by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock worth $75,909,000 after acquiring an additional 36,303 shares in the last quarter. Wellington Management Group LLP lifted its stake in Ameresco by 17.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock worth $45,083,000 after acquiring an additional 176,971 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ameresco by 13.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 912,198 shares of the utilities provider’s stock worth $28,890,000 after acquiring an additional 110,204 shares in the last quarter. First Trust Advisors LP lifted its stake in Ameresco by 59.9% during the 4th quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after acquiring an additional 297,236 shares in the last quarter. Finally, BNP Paribas Asset Management Holding S.A. acquired a new stake in Ameresco in the 4th quarter valued at about $22,650,000. Institutional investors and hedge funds 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.