Ameresco (NYSE:AMRC) Lifted to “Sell” at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Ameresco (NYSE:AMRC – Free Report) to a sell rating in a research note issued to investors on Tuesday.

Other analysts have also issued reports about the company. Jefferies Financial Group initiated coverage on Ameresco in a research note on Wednesday, September 4th. They issued a hold rating and a $33.00 price target on the stock. B. Riley upgraded Ameresco to a strong-buy rating in a report on Tuesday, June 25th. UBS Group raised their price objective on Ameresco from $39.00 to $40.00 and gave the stock a buy rating in a report on Thursday, September 5th. Piper Sandler cut their price objective on Ameresco from $37.00 to $35.00 and set an overweight rating on the stock in a report on Tuesday, August 6th. Finally, Robert W. Baird raised their target price on Ameresco from $32.00 to $42.00 and gave the company an outperform rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $38.46.

Get Our Latest Stock Analysis on AMRC

Ameresco Stock Down 6.5 %

AMRC opened at $34.30 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15. The firm has a market cap of $1.80 billion, a P/E ratio of 31.18, a PEG ratio of 1.31 and a beta of 1.79. Ameresco has a 52 week low of $17.55 and a 52 week high of $39.68. The business’s fifty day simple moving average is $31.48 and its 200 day simple moving average is $28.86.

Ameresco (NYSE:AMRC – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The business had revenue of $437.98 million during the quarter, compared to analyst estimates of $373.75 million. During the same period in the previous year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 33.9% on a year-over-year basis. As a group, equities research analysts anticipate that Ameresco will post 1.16 EPS for the current fiscal year.

Insider Transactions at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the transaction, the chief financial officer now owns 1,878 shares in the company, valued at approximately $49,823.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 5,221 shares of company stock worth $140,814. 42.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in Ameresco during the 2nd quarter valued at approximately $75,000. Point72 DIFC Ltd acquired a new position in Ameresco during the 2nd quarter valued at approximately $86,000. GAMMA Investing LLC boosted its position in Ameresco by 1,215.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 2,880 shares during the period. SG Americas Securities LLC acquired a new position in Ameresco during the 2nd quarter valued at approximately $156,000. Finally, Northside Capital Management LLC bought a new stake in Ameresco during the 2nd quarter valued at $216,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Company Profile

(Get Free Report)

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.

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