Ameresco, Inc. (NYSE:AMRC) Receives $36.90 Average Target Price from Brokerages

Ameresco, Inc. (NYSE:AMRC) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $36.90.

Several research firms have commented on AMRC. Stifel Nicolaus boosted their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. UBS Group boosted their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Jefferies Financial Group assumed coverage on Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective for the company. Finally, Robert W. Baird raised 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.

Hedge Funds Weigh In On Ameresco

A number of hedge funds have recently modified their holdings of AMRC. Blue Trust Inc. grew its holdings in shares of Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares during the last quarter. nVerses Capital LLC acquired a new stake in Ameresco during the 2nd quarter worth approximately $75,000. Point72 DIFC Ltd purchased a new position in shares of Ameresco in the 2nd quarter valued at approximately $86,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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. Finally, GAMMA Investing LLC raised its stake in shares of Ameresco by 19.8% during the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 618 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Stock Performance

Shares of Ameresco stock opened at $22.90 on Monday. The business has a 50-day simple moving average of $29.18 and a 200-day simple moving average of $30.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco has a one year low of $17.55 and a one year high of $39.68. The company has a market cap of $1.20 billion, a PE ratio of 22.90, a P/E/G ratio of 0.90 and a beta of 1.76.

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.