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

Shares of Ameresco, Inc. (NYSE:AMRC) have been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.91.

A number of analysts have weighed in on AMRC shares. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price target on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. Robert W. Baird upped their price objective on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Jefferies Financial Group started coverage on Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 target price on the stock. Finally, Piper Sandler raised their price target on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd.

Institutional Investors Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently made changes to their positions in AMRC. Blue Trust Inc. raised its stake in shares of 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 period. The Manufacturers Life Insurance Company grew its holdings in shares of Ameresco by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after buying an additional 489 shares in the last quarter. GAMMA Investing LLC raised its position in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after buying an additional 618 shares during the last quarter. Clean Yield Group lifted its stake in Ameresco by 0.6% in the 2nd quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock valued at $4,898,000 after acquiring an additional 1,087 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in Ameresco by 15.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 1,410 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

NYSE:AMRC opened at $26.73 on Thursday. The firm has a market capitalization of $1.40 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 0.85 and a beta of 1.82. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco has a 12-month low of $17.55 and a 12-month high of $39.68. The firm has a 50-day moving average price of $32.70 and a 200 day moving average price of $31.22.

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.