Stifel Nicolaus Issues Pessimistic Forecast for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC) had its target price reduced by equities research analysts at Stifel Nicolaus from $34.00 to $18.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 94.13% from the stock’s current price.

Several other brokerages have also weighed in on AMRC. Canaccord Genuity Group cut their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Robert W. Baird lowered their target price on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Finally, UBS Group downgraded shares of Ameresco from a “buy” rating to a “sell” rating and dropped their target price for the company from $37.00 to $8.00 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Ameresco Trading Down 6.6 %

Shares of NYSE:AMRC opened at $9.27 on Wednesday. The company has a market cap of $486.25 million, a PE ratio of 9.27, a P/E/G ratio of 0.49 and a beta of 1.79. The company’s 50 day moving average is $21.26 and its two-hundred day moving average is $27.14. Ameresco has a 52 week low of $9.04 and a 52 week high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36.

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

Insider Activity at Ameresco

In related news, CEO George P. Sakellaris bought 25,000 shares of the stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $9.27 per share, for a total transaction of $231,750.00. Following the purchase, the chief executive officer now owns 978,638 shares of the company’s stock, valued at $9,071,974.26. This trade represents a 2.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $362,758.50. This trade represents a 69.90 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 80,408 shares of company stock worth $781,206 in the last 90 days. 42.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently bought and sold shares of the company. Harvest Portfolios Group Inc. acquired a new stake in shares of Ameresco in the 3rd quarter worth $471,000. Victory Capital Management Inc. purchased a new position in Ameresco during the third quarter worth about $870,000. Zions Bancorporation N.A. raised its holdings in Ameresco by 18.3% during the third quarter. Zions Bancorporation N.A. now owns 57,145 shares of the utilities provider’s stock worth $2,168,000 after purchasing an additional 8,835 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Ameresco in the third quarter valued at about $359,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Ameresco in the 3rd quarter valued at approximately $349,000. 99.24% of the stock is owned by institutional investors and hedge funds.

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.