Ameresco (NYSE:AMRC) Price Target Cut to $25.00 by Analysts at Robert W. Baird

Ameresco (NYSE:AMRC - Get Free Report) had its price target reduced by investment analysts at Robert W. Baird from $42.00 to $25.00 in a report released on Friday,Benzinga reports. The firm presently has an "outperform" rating on the utilities provider's stock. Robert W. Baird's price target suggests a potential upside of 162.47% from the company's current price.

Several other research analysts have also issued reports on AMRC. UBS Group decreased their price target on shares of Ameresco from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their target price on Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, StockNews.com raised Ameresco to a "sell" rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.11.

Ameresco Price Performance

AMRC traded down $1.04 during trading on Friday, reaching $9.53. The stock had a trading volume of 2,144,316 shares, compared to its average volume of 555,881. The stock has a 50 day moving average of $21.82 and a two-hundred day moving average of $27.39. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $499.52 million, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.49 and a beta of 1.79. Ameresco has a 1-year low of $9.39 and a 1-year high of $39.68.

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Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. As a group, equities analysts anticipate that Ameresco will post 1.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jennifer L. Miller sold 40,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.00% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMRC. Blue Trust Inc. grew its holdings in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 391 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Ameresco by 1,294.9% in the 3rd 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 last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Ameresco during the 4th quarter valued at about $146,000. Cetera Trust Company N.A grew its stake in shares of Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock valued at $160,000 after buying an additional 440 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after buying an additional 4,362 shares during the last quarter. 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.