Ameresco, Inc. (NYSE:AMRC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $36.90.

AMRC has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. UBS Group upped their price target on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Jefferies Financial Group assumed coverage on Ameresco in a research report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective on the stock. Robert W. Baird upped 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. Finally, StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th.

Hedge Funds Weigh In On Ameresco

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of Ameresco by 100.3% in the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Ameresco in the second quarter worth approximately $75,000. Point72 DIFC Ltd bought a new stake in Ameresco during the second quarter valued at approximately $86,000. Point72 Asia Singapore Pte. Ltd. raised its position in Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,279 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 618 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

NYSE:AMRC opened at $22.35 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The firm has a market cap of $1.17 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.76. The business has a 50 day moving average price of $28.47 and a 200-day moving average price of $30.52.

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.