Ameresco (NYSE:AMRC) Upgraded by StockNews.com to “Sell”

Ameresco (NYSE:AMRC) was upgraded by StockNews.com to a “sell” rating in a research report issued on Tuesday.

AMRC has been the subject of a number of other research reports. B. Riley upgraded Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. UBS Group upped their price target on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Robert W. Baird increased their price objective on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Jefferies Financial Group began coverage on shares of Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price for the company. Finally, Piper Sandler dropped their price target on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.46.

Ameresco Stock Performance

Shares of NYSE AMRC traded down $0.63 during trading on Tuesday, reaching $37.31. The stock had a trading volume of 242,256 shares, compared to its average volume of 486,143. 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 market cap of $1.95 billion, a PE ratio of 33.92, a P/E/G ratio of 1.31 and a beta of 1.78. Ameresco has a one year low of $17.55 and a one year high of $39.68. The firm’s 50 day moving average price is $31.28 and its two-hundred day moving average price is $28.69.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. 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 company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. On average, research analysts forecast that Ameresco will post 1.16 earnings per share for the current fiscal year.

Insider Activity

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $26.53, for a total value of $132,650.00. Following the transaction, the chief financial officer now owns 1,878 shares of the company’s stock, valued at $49,823.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 5,221 shares of company stock worth $140,814. Corporate insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Institutional investors and hedge funds have recently bought and sold shares of the stock. LGT Group Foundation purchased a new stake in Ameresco in the 2nd quarter worth about $20,325,000. Swedbank AB purchased a new position in Ameresco during the first quarter valued at approximately $12,065,000. Point72 Asset Management L.P. acquired a new position in Ameresco in the 2nd quarter valued at approximately $10,821,000. First Trust Advisors LP lifted its position in Ameresco by 59.9% in the 4th 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 in the last quarter. Finally, Redwood Grove Capital LLC purchased a new position in shares of Ameresco during the 1st quarter valued at $7,170,000. Institutional investors and hedge funds 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.