Ameresco (NYSE:AMRC) Trading Up 6.6% - What's Next?

Ameresco, Inc. (NYSE:AMRC - Get Free Report) traded up 6.6% during trading on Thursday . The stock traded as high as $24.96 and last traded at $24.89. 107,168 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 305,697 shares. The stock had previously closed at $23.35.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Piper Sandler boosted their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research note on Tuesday, November 12th. Stifel Nicolaus raised their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Robert W. Baird boosted their price target on Ameresco from $32.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.90.

Ameresco Stock Up 5.2 %

The company has a market cap of $1.29 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 0.68 and a beta of 1.79. The firm has a 50-day moving average price of $25.89 and a 200 day moving average price of $29.51. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Institutional Investors Weigh In On Ameresco

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings 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 valued at $38,126,000 after acquiring an additional 450,571 shares in the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 10,197 shares during the last quarter. Redwood Grove Capital LLC grew its holdings in Ameresco by 41.9% during the 3rd quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider's stock worth $18,966,000 after acquiring an additional 147,642 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Ameresco in the 2nd quarter valued at $10,821,000. Finally, DekaBank Deutsche Girozentrale raised its stake in Ameresco by 3,389.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider's stock worth $7,124,000 after buying an additional 179,635 shares during the period. 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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