Ameresco, Inc. (NYSE:AMRC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Ameresco, Inc. (NYSE:AMRC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twelve research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $36.56.

A number of brokerages have recently weighed in on AMRC. Piper Sandler raised their price objective on Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded Ameresco to a "sell" rating in a research report on Tuesday, November 12th.

Insider Buying and Selling

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the transaction, the director now owns 17,225 shares in the company, valued at $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 42.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position in shares of Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock valued at $30,000 after buying an additional 391 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock valued at $93,000 after acquiring an additional 2,279 shares in the last quarter. 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 valued at $142,000 after acquiring an additional 618 shares in the last quarter. Cetera Trust Company N.A raised its stake in shares of Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after acquiring an additional 440 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Ameresco by 257.9% during the third quarter. FMR LLC now owns 5,350 shares of the utilities provider's stock valued at $203,000 after acquiring an additional 3,855 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Price Performance

AMRC stock traded down $0.38 during trading on Tuesday, reaching $20.73. The company's stock had a trading volume of 275,474 shares, compared to its average volume of 394,875. The company's fifty day moving average is $24.33 and its 200-day moving average is $28.73. Ameresco has a 1 year low of $17.55 and a 1 year high of $39.68. The company has a market capitalization of $1.09 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 0.58 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

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.