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

Ameresco, Inc. (NYSE:AMRC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.91.

A number of research firms have recently weighed in on AMRC. Robert W. Baird raised their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. StockNews.com raised shares of Ameresco to a "sell" rating in a research note on Tuesday, November 12th. Piper Sandler boosted their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped 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. Finally, UBS Group raised their price objective on Ameresco from $39.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, September 5th.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock valued at $30,000 after buying an additional 391 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Ameresco by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider's stock valued at $356,000 after acquiring an additional 489 shares during the period. GAMMA Investing LLC increased its holdings 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. Clean Yield Group raised its position in shares of Ameresco by 0.6% during the second quarter. Clean Yield Group now owns 170,007 shares of the utilities provider's stock worth $4,898,000 after purchasing an additional 1,087 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position 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 purchasing an additional 1,410 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Price Performance

Shares of AMRC stock opened at $26.73 on Thursday. Ameresco has a twelve month low of $17.55 and a twelve month high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $32.70 and a 200 day simple moving average of $31.22. The company has a market cap of $1.40 billion, a P/E ratio of 26.73, a P/E/G ratio of 0.85 and a beta of 1.82.

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.