Stifel Nicolaus Issues Positive Forecast for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC - Free Report) had its price target upped by Stifel Nicolaus from $32.00 to $34.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the utilities provider's stock.

AMRC has been the subject of a number of other research reports. Jefferies Financial Group began coverage on Ameresco in a report on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price for the company. Robert W. Baird boosted their price target on Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. StockNews.com raised Ameresco to a "sell" rating in a report on Wednesday, October 16th. Piper Sandler boosted their price target on Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, UBS Group boosted their price objective on Ameresco from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Ameresco has a consensus rating of "Moderate Buy" and a consensus target price of $36.91.

Ameresco Stock Up 8.0 %

NYSE AMRC traded up $2.12 during trading on Monday, hitting $28.60. The company's stock had a trading volume of 649,219 shares, compared to its average volume of 428,954. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market cap of $1.50 billion, a PE ratio of 28.60, a P/E/G ratio of 0.92 and a beta of 1.82. The business's 50 day simple moving average is $33.28 and its 200-day simple moving average is $31.04. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68.

Institutional Trading of Ameresco

Several large investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. acquired a new position in shares of Ameresco in the 3rd quarter valued at $349,000. Intech Investment Management LLC purchased a new position in shares of Ameresco in the 3rd quarter valued at about $359,000. Zions Bancorporation N.A. boosted its stake in shares of Ameresco by 18.3% in the 3rd quarter. Zions Bancorporation N.A. now owns 57,145 shares of the utilities provider's stock valued at $2,168,000 after buying an additional 8,835 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Ameresco in the 3rd quarter valued at about $870,000. Finally, Harvest Portfolios Group Inc. acquired a new stake in shares of Ameresco during the 3rd quarter worth about $471,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.