Ameresco (NYSE:AMRC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a report published on Saturday.

Other equities research analysts have also issued research reports about the company. Truist Financial reduced their price objective on Ameresco from $40.00 to $37.00 and set a buy rating on the stock in a research report on Monday, April 22nd. B. Riley upgraded Ameresco to a strong-buy rating in a report on Tuesday, June 25th. Stifel Nicolaus decreased their target price on shares of Ameresco from $35.00 to $32.00 and set a buy rating for the company in a research report on Thursday, May 9th. Robert W. Baird lifted their price objective on Ameresco from $28.00 to $32.00 and gave the stock an outperform rating in a research report on Thursday, May 9th. Finally, Piper Sandler reduced their price objective on shares of Ameresco from $37.00 to $35.00 and set an overweight rating for the company in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $38.00.

Ameresco Stock Down 5.1 %

Shares of AMRC opened at $27.77 on Friday. The firm has a 50 day simple moving average of $30.24 and a two-hundred day simple moving average of $26.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96. Ameresco has a one year low of $17.55 and a one year high of $48.00. The company has a market cap of $1.45 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.86 and a beta of 1.78.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The business had revenue of $437.98 million for the quarter, compared to analyst estimates of $373.75 million. During the same period last year, the firm posted $0.15 EPS. Ameresco’s quarterly revenue was up 33.9% on a year-over-year basis. Research analysts forecast that Ameresco will post 1.36 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In related news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total value of $105,000.00. Following the sale, the chief accounting officer now owns 348 shares in the company, valued at approximately $12,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the sale, the chief financial officer now owns 1,878 shares in the company, valued at $49,823.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Mark Chiplock sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $35.00, for a total transaction of $105,000.00. Following the transaction, the chief accounting officer now owns 348 shares in the company, valued at $12,180. The disclosure for this sale can be found here. 42.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ameresco

Several hedge funds have recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of Ameresco in the 4th quarter worth about $62,000. nVerses Capital LLC bought a new stake in Ameresco in the second quarter worth about $75,000. Point72 DIFC Ltd bought a new stake in Ameresco in the second quarter worth about $86,000. GAMMA Investing LLC boosted its stake in Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 2,880 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new position in shares of Ameresco during the 4th quarter valued at approximately $106,000. Institutional investors 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.