Ameresco (NYSE:AMRC) Stock Price Down 4.2% - What's Next?

Ameresco, Inc. (NYSE:AMRC - Get Free Report)'s stock price fell 4.2% on Friday . The stock traded as low as $23.74 and last traded at $23.66. 56,155 shares changed hands during trading, a decline of 82% from the average session volume of 308,147 shares. The stock had previously closed at $24.69.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Robert W. Baird increased 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 upgraded Ameresco to a "sell" rating in a research note on Tuesday, November 12th. Stifel Nicolaus raised their target price on Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, Piper Sandler upped their price target on Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.90.

Ameresco Stock Down 6.2 %

The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 0.68 and a beta of 1.79. The firm's fifty day moving average is $25.75 and its 200-day moving average is $29.48.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in Ameresco by 1.4% in the third quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider's stock valued at $28,642,000 after buying an additional 10,197 shares during the last quarter. Barclays PLC increased its holdings in shares of Ameresco by 204.2% in the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock valued at $2,248,000 after acquiring an additional 39,773 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Ameresco by 81.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock valued at $38,126,000 after acquiring an additional 450,571 shares during the last quarter. Stifel Financial Corp raised its position in shares of Ameresco by 35.1% during the 3rd 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 in the last quarter. Finally, Redwood Grove Capital LLC lifted its stake in Ameresco by 41.9% during the third quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider's stock worth $18,966,000 after purchasing an additional 147,642 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

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.

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