Ameresco (NYSE:AMRC) Trading Up 7.8% – Should You Buy?

Shares of Ameresco, Inc. (NYSE:AMRC) shot up 7.8% on Wednesday . The stock traded as high as $28.26 and last traded at $28.24. 18,988 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 467,624 shares. The stock had previously closed at $26.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMRC shares. StockNews.com upgraded Ameresco to a “sell” rating in a report on Tuesday, November 12th. Robert W. Baird raised their target price on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Jefferies Financial Group started coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target for the company. Stifel Nicolaus raised their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, UBS Group upped their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Stock Up 10.3 %

The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The business has a 50-day simple moving average of $32.05 and a two-hundred day simple moving average of $31.29. The stock has a market capitalization of $1.51 billion, a P/E ratio of 28.24, a PEG ratio of 0.94 and a beta of 1.82.

Institutional Investors Weigh In On Ameresco

Large investors have recently bought and sold shares of the business. Blue Trust Inc. raised its position in Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 391 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Ameresco in the second quarter valued at about $75,000. Point72 DIFC Ltd bought a new stake in Ameresco during the 2nd quarter worth about $86,000. GAMMA Investing LLC grew its stake in shares of Ameresco by 1,215.2% during the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 2,880 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after buying an additional 2,279 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

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.