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

Ameresco (NYSE:AMRC) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Tuesday.

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

Ameresco Price Performance

AMRC stock opened at $28.60 on Tuesday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. The stock’s fifty day simple moving average is $33.28 and its 200-day simple moving average is $31.04. Ameresco has a 52-week low of $17.55 and a 52-week high of $39.68. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15.

Institutional Trading of Ameresco

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMRC. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ameresco by 20.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,966 shares of the utilities provider’s stock valued at $1,157,000 after acquiring an additional 7,995 shares in the last quarter. Inspire Investing LLC increased its stake in Ameresco by 23.8% in the 1st quarter. Inspire Investing LLC now owns 14,906 shares of the utilities provider’s stock valued at $360,000 after buying an additional 2,869 shares during the period. Russell Investments Group Ltd. increased its stake in Ameresco by 11.6% in the 1st quarter. Russell Investments Group Ltd. now owns 82,273 shares of the utilities provider’s stock valued at $1,985,000 after buying an additional 8,542 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Ameresco by 15.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after buying an additional 1,410 shares during the period. Finally, Vanguard Group Inc. increased its stake in Ameresco by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock valued at $75,909,000 after buying an additional 36,303 shares during the period. 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.