Ameresco, Inc. (NYSE:AMRC - Get Free Report)'s stock price fell 5.9% during trading on Tuesday . The company traded as low as $29.75 and last traded at $29.88. 69,376 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 471,455 shares. The stock had previously closed at $31.74.
Analysts Set New Price Targets
A number of research firms have recently commented on AMRC. UBS Group upped their price objective on shares of Ameresco from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. StockNews.com raised shares of Ameresco to a "sell" rating in a research note on Wednesday, October 16th. Piper Sandler increased their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on shares of Ameresco in a research note on Wednesday, September 4th. They set a "hold" rating and a $33.00 target price on the stock. Finally, Robert W. Baird increased their target price on shares of Ameresco from $32.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $36.73.
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Ameresco Stock Performance
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's fifty day simple moving average is $32.97 and its two-hundred day simple moving average is $30.32. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.21 and a beta of 1.79.
Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The business had revenue of $437.98 million for the quarter, compared to analyst estimates of $373.75 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business's quarterly revenue was up 33.9% on a year-over-year basis. On average, analysts forecast that Ameresco, Inc. will post 1.16 earnings per share for the current year.
Insider Activity
In other news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the sale, the chief financial officer now owns 1,878 shares in the company, valued at $49,823.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 5,221 shares of company stock worth $140,814 over the last quarter. Insiders own 42.00% of the company's stock.
Institutional Trading of Ameresco
Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Ameresco by 100.3% during 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 during the last quarter. nVerses Capital LLC purchased a new stake in Ameresco during the second quarter worth about $75,000. Point72 DIFC Ltd purchased a new stake in Ameresco during the second quarter worth about $86,000. GAMMA Investing LLC increased its holdings in Ameresco by 1,215.2% during the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider's stock worth $90,000 after buying an additional 2,880 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Ameresco during the second quarter worth about $156,000. Hedge funds and other institutional investors own 99.24% of the company's stock.
Ameresco Company Profile
(
Get Free Report)
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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