Brokerages Set Ameresco, Inc. (NYSE:AMRC) PT at $36.90

Ameresco, Inc. (NYSE:AMRC - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.90.

Several analysts have weighed in on AMRC shares. StockNews.com raised Ameresco to a "sell" rating in a research note on Tuesday, November 12th. UBS Group increased their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Piper Sandler boosted their price target on shares of Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a "hold" rating and a $33.00 price objective for the company. Finally, Stifel Nicolaus upped their target price on Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, November 11th.

Institutional Investors Weigh In On Ameresco

A number of institutional investors and hedge funds have recently modified their holdings of AMRC. Wellington Management Group LLP increased its stake in Ameresco by 81.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock worth $38,126,000 after purchasing an additional 450,571 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Ameresco by 35.1% during the third quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider's stock valued at $4,487,000 after acquiring an additional 30,718 shares during the period. Clayton Partners LLC lifted its position in shares of Ameresco by 117.8% in the 2nd quarter. Clayton Partners LLC now owns 77,735 shares of the utilities provider's stock valued at $2,240,000 after acquiring an additional 42,052 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in Ameresco in the 2nd quarter worth approximately $2,048,000. Finally, Bank of New York Mellon Corp grew its position in Ameresco by 24.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,427 shares of the utilities provider's stock worth $3,729,000 after purchasing an additional 25,121 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Stock Performance

NYSE AMRC traded down $0.69 on Monday, hitting $24.31. The stock had a trading volume of 295,511 shares, compared to its average volume of 460,078. 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 company's 50-day moving average is $29.37 and its two-hundred day moving average is $30.89. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 0.90 and a beta of 1.76. Ameresco has a one year low of $17.55 and a one year high of $39.68.

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.