Ameresco (NYSE:AMRC) Stock Rating Lowered by UBS Group

Ameresco (NYSE:AMRC) was downgraded by UBS Group from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They currently have a $8.00 price target on the utilities provider’s stock, down from their prior price target of $37.00. UBS Group’s price target indicates a potential downside of 19.31% from the stock’s current price.

A number of other research analysts also recently commented on AMRC. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Canaccord Genuity Group lowered their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus increased their target price on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Robert W. Baird lowered their price target on Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Ameresco Trading Up 3.4 %

AMRC stock opened at $9.91 on Tuesday. Ameresco has a 1-year low of $9.39 and a 1-year high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The company has a market capitalization of $519.92 million, a price-to-earnings ratio of 9.91, a PEG ratio of 0.49 and a beta of 1.79. The business has a 50 day simple moving average of $21.54 and a two-hundred day simple moving average of $27.26.

Ameresco (NYSE:AMRC) last posted its earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $532.67 million during the quarter, compared to the consensus estimate of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Research analysts anticipate that Ameresco will post 1.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the sale, the director now owns 17,225 shares in the company, valued at $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after buying an additional 2,279 shares during the period. FMR LLC increased its stake in shares of Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after buying an additional 3,855 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Ameresco during the fourth quarter valued at $146,000. Cetera Trust Company N.A increased its stake in shares of Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after buying an additional 440 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Ameresco during the third quarter valued at $275,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.