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

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have received an average rating of "Moderate Buy" from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $36.90.

AMRC has been the topic of several recent research reports. Robert W. Baird upped their price objective on Ameresco from $32.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. Piper Sandler lifted their price objective on Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. StockNews.com raised shares of Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus boosted their price target on shares of Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, November 11th.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in shares of 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 buying an additional 25,121 shares during the period. Rhumbline Advisers increased its holdings in Ameresco by 11.9% during the 2nd quarter. Rhumbline Advisers now owns 51,417 shares of the utilities provider's stock worth $1,481,000 after purchasing an additional 5,455 shares during the period. American Century Companies Inc. raised its holdings in shares of Ameresco by 190.4% in the 2nd quarter. American Century Companies Inc. now owns 184,281 shares of the utilities provider's stock valued at $5,309,000 after purchasing an additional 120,833 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in Ameresco by 58.2% in the second quarter. Zions Bancorporation N.A. now owns 48,310 shares of the utilities provider's stock valued at $1,392,000 after purchasing an additional 17,765 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of Ameresco in the 2nd quarter valued at about $500,000. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Price Performance

Shares of AMRC traded down $1.56 during mid-day trading on Friday, reaching $25.54. The stock had a trading volume of 226,226 shares, compared to its average volume of 279,237. The business has a fifty day moving average of $26.62 and a 200 day moving average of $29.70. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 0.90 and a beta of 1.79. Ameresco has a 12 month low of $17.55 and a 12 month 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.