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

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

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

Ameresco Stock Up 0.9 %

AMRC traded up $0.24 during trading on Tuesday, reaching $27.02. The stock had a trading volume of 15,824 shares, compared to its average volume of 472,688. The stock’s 50 day moving average is $33.06 and its two-hundred day moving average is $31.01. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 0.88 and a beta of 1.82. Ameresco has a one year low of $17.55 and a one year high of $39.68.

Institutional Investors Weigh In On Ameresco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. raised its position in Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,279 shares during the period. Erste Asset Management GmbH acquired a new position in Ameresco during the 3rd quarter worth $6,319,000. Verition Fund Management LLC grew its stake in Ameresco by 50.4% during the 3rd quarter. Verition Fund Management LLC now owns 11,285 shares of the utilities provider’s stock worth $428,000 after purchasing an additional 3,780 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Ameresco by 9.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,594 shares of the utilities provider’s stock worth $1,502,000 after acquiring an additional 3,258 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Ameresco by 17.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 85,772 shares of the utilities provider’s stock worth $3,254,000 after acquiring an additional 12,688 shares in the last quarter. 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.