Ameresco (NYSE:AMRC) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Ameresco (NYSE:AMRC) in a research note released on Wednesday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $33.00 price target on the utilities provider’s stock.

Several other equities research analysts have also recently issued reports on AMRC. Robert W. Baird restated an outperform rating and set a $32.00 price objective on shares of Ameresco in a report on Tuesday, August 27th. UBS Group lifted their target price on Ameresco from $36.00 to $39.00 and gave the company a buy rating in a report on Tuesday, May 14th. B. Riley upgraded Ameresco to a strong-buy rating in a report on Tuesday, June 25th. Stifel Nicolaus reduced their price objective on Ameresco from $35.00 to $32.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Finally, StockNews.com upgraded Ameresco to a sell rating in a research note on Saturday, August 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ameresco has an average rating of Moderate Buy and a consensus price target of $37.69.

Ameresco Stock Performance

Ameresco stock opened at $29.41 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a fifty day moving average of $29.37 and a two-hundred day moving average of $26.93. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.06 and a beta of 1.78. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $47.56.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The company had revenue of $437.98 million for the quarter, compared to analysts’ expectations of $373.75 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 33.9% on a year-over-year basis. On average, analysts anticipate that Ameresco will post 1.15 EPS for the current fiscal year.

Insider Activity at Ameresco

In related news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was 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 directly owns 1,878 shares of the company’s stock, valued at $49,823.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently bought and sold shares of AMRC. BNP Paribas Asset Management Holding S.A. acquired a new position in Ameresco in the fourth quarter valued at approximately $22,650,000. LGT Group Foundation acquired a new position in shares of Ameresco during the second quarter worth approximately $20,325,000. Swedbank AB acquired a new position in shares of Ameresco during the first quarter worth approximately $12,065,000. Point72 Asset Management L.P. acquired a new position in shares of Ameresco during the second quarter worth approximately $10,821,000. Finally, First Trust Advisors LP boosted its position in shares of Ameresco by 59.9% during the fourth quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after buying an additional 297,236 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.