Ameresco (NYSE:AMRC) Shares Gap Up - Should You Buy?

Ameresco, Inc. (NYSE:AMRC - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $25.49, but opened at $27.39. Ameresco shares last traded at $27.10, with a volume of 53,238 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Ameresco in a research note on Wednesday, September 4th. They issued a "hold" rating and a $33.00 price objective for the company. UBS Group raised their price target on shares of Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Stifel Nicolaus raised 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. StockNews.com upgraded Ameresco to a "sell" rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird boosted their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $36.91.

Ameresco Price Performance

The stock has a market cap of $1.40 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 0.85 and a beta of 1.82. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. The business's 50 day moving average price is $32.92 and its two-hundred day moving average price is $31.22.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in shares of Ameresco by 100.3% in the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock worth $30,000 after buying an additional 391 shares in the last quarter. nVerses Capital LLC purchased a new stake in Ameresco in the second quarter worth about $75,000. Point72 DIFC Ltd acquired a new position in shares of Ameresco during the second quarter worth $86,000. GAMMA Investing LLC increased its stake in Ameresco by 1,215.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 2,880 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings 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 worth $93,000 after purchasing an additional 2,279 shares during the period. 99.24% of the stock is currently owned by institutional investors.

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.