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

StockNews.com upgraded shares of Ameresco (NYSE:AMRC) to a sell rating in a research note published on Tuesday morning.

A number of other brokerages also recently weighed in on AMRC. Stifel Nicolaus raised their target price on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. Robert W. Baird increased their price target on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Jefferies Financial Group initiated coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price on the stock. Piper Sandler boosted their price objective on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, UBS Group boosted their price objective on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Price Performance

NYSE:AMRC opened at $25.50 on Tuesday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 0.88 and a beta of 1.82. The company has a quick ratio of 1.00, 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 stock’s 50 day moving average price is $32.98 and its two-hundred day moving average price is $31.04.

Institutional Investors Weigh In On Ameresco

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 391 shares during the period. nVerses Capital LLC bought a new position in Ameresco during the 2nd quarter valued at about $75,000. Point72 DIFC Ltd bought a new position in Ameresco during the 2nd quarter valued at about $86,000. GAMMA Investing LLC grew its stake in Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 2,880 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,279 shares in the last quarter. 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.