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

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

Several brokerages have weighed in on AMRC. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Piper Sandler increased their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted 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. Finally, Robert W. Baird increased their price objective on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd.

Hedge Funds Weigh In On Ameresco

Hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its position in Ameresco by 35.1% during the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock worth $4,487,000 after acquiring an additional 30,718 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares during the period. Barclays PLC boosted its position in Ameresco by 204.2% in the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock valued at $2,248,000 after buying an additional 39,773 shares during the last quarter. Clayton Partners LLC increased its holdings in Ameresco by 117.8% in the 2nd quarter. Clayton Partners LLC now owns 77,735 shares of the utilities provider’s stock worth $2,240,000 after buying an additional 42,052 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Ameresco by 24.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,427 shares of the utilities provider’s stock worth $3,729,000 after buying an additional 25,121 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Performance

Ameresco stock opened at $27.12 on Friday. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The company has a market capitalization of $1.42 billion, a PE ratio of 27.12, a P/E/G ratio of 0.90 and a beta of 1.79. The company has a 50 day moving average price of $26.69 and a 200-day moving average price of $29.72. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

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.