Ameresco (NYSE:AMRC) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Ameresco (NYSE:AMRC) from a sell rating to a hold rating in a research report sent to investors on Friday.

AMRC has been the topic of a number of other research reports. Baird R W downgraded Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Canaccord Genuity Group lifted their target price on Ameresco from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Robert W. Baird reiterated a “neutral” rating and issued a $13.00 target price (down previously from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. UBS Group reiterated a “sell” rating and issued a $11.00 target price on shares of Ameresco in a report on Tuesday. Finally, Piper Sandler set a $21.00 target price on Ameresco and gave the stock an “overweight” rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.67.

Ameresco Stock Up 5.0%

Shares of AMRC opened at $15.59 on Friday. The business’s 50 day moving average is $12.20 and its 200 day moving average is $17.71. The company has a market capitalization of $818.96 million, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.49 and a beta of 2.24. Ameresco has a 12-month low of $8.49 and a 12-month 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 released its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.15. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. During the same quarter in the previous year, the company posted ($0.10) EPS. The company’s revenue was up 18.2% compared to the same quarter last year. Research analysts expect that Ameresco will post 1.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ameresco

A number of large investors have recently bought and sold shares of AMRC. Headlands Technologies LLC purchased a new position in Ameresco during the 1st quarter valued at $40,000. GAMMA Investing LLC boosted its holdings in Ameresco by 132.0% during the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 4,557 shares during the period. AlphaQuest LLC purchased a new position in Ameresco during the 1st quarter valued at $114,000. Advisors Asset Management Inc. boosted its holdings in Ameresco by 57.4% during the 1st quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 3,554 shares during the period. Finally, Walleye Capital LLC purchased a new position in Ameresco during the 1st quarter valued at $121,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.