Ameresco (NYSE:AMRC) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Ameresco (NYSE:AMRC - Free Report) to a sell rating in a report issued on Tuesday morning.

A number of other research firms have also recently weighed in on AMRC. Stifel Nicolaus increased their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday. Jefferies Financial Group assumed coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price for the company. Robert W. Baird boosted their target price on shares of Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Piper Sandler raised their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.91.

Ameresco Stock Down 7.5 %

NYSE:AMRC traded down $2.15 during trading hours on Tuesday, reaching $26.45. The company's stock had a trading volume of 409,500 shares, compared to its average volume of 475,545. The company has a market capitalization of $1.39 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82. Ameresco has a 12 month low of $17.55 and a 12 month high of $39.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a 50 day moving average price of $33.22 and a two-hundred day moving average price of $31.08.

Institutional Investors Weigh In On Ameresco

A number of institutional investors have recently modified their holdings of the stock. Natixis acquired a new position in Ameresco in the 1st quarter valued at $480,000. Harbor Capital Advisors Inc. grew its stake in shares of Ameresco by 187.8% during the second quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider's stock worth $1,982,000 after purchasing an additional 44,882 shares during the period. Swedbank AB acquired a new position in Ameresco in the first quarter valued at about $12,065,000. Connors Investor Services Inc. lifted its holdings in shares of Ameresco by 35.4% in the first quarter. Connors Investor Services Inc. now owns 142,915 shares of the utilities provider's stock valued at $3,449,000 after purchasing an additional 37,368 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in Ameresco during the first quarter worth about $1,009,000. Institutional investors and hedge funds own 99.24% of the company's stock.

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.