Ameresco (NYSE:AMRC – Get Rating) had its price objective decreased by analysts at Stifel Nicolaus from $92.00 to $91.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 46.37% from the stock’s current price.
Several other equities analysts have also commented on the stock. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Saturday, February 5th. Raymond James raised their price target on shares of Ameresco from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday. Craig Hallum raised their price target on shares of Ameresco from $80.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, November 2nd. Canaccord Genuity Group reduced their price target on shares of Ameresco from $100.00 to $85.00 in a research note on Tuesday. Finally, Bank of America upgraded shares of Ameresco from a “neutral” rating to a “buy” rating and reduced their price target for the company from $88.00 to $61.00 in a research note on Wednesday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $78.33.
AMRC stock traded down $2.08 during mid-day trading on Tuesday, hitting $62.17. The stock had a trading volume of 6,872 shares, compared to its average volume of 432,983. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.44 and a quick ratio of 1.42. Ameresco has a 52 week low of $37.70 and a 52 week high of $101.86. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 48.57, a P/E/G ratio of 1.78 and a beta of 0.79. The stock’s fifty day moving average is $60.29.
Ameresco (NYSE:AMRC – Get Rating) last released its earnings results on Monday, February 28th. The utilities provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Ameresco had a net margin of 5.90% and a return on equity of 12.38%. During the same period last year, the company posted $0.47 EPS. As a group, analysts anticipate that Ameresco will post 1.42 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Ameresco by 1,027.4% in the third quarter. Goldman Sachs Group Inc. now owns 490,844 shares of the utilities provider’s stock valued at $28,680,000 after purchasing an additional 447,305 shares in the last quarter. AXA S.A. increased its position in shares of Ameresco by 36.3% during the third quarter. AXA S.A. now owns 881,332 shares of the utilities provider’s stock worth $51,496,000 after acquiring an additional 234,494 shares in the last quarter. Credit Suisse AG increased its position in shares of Ameresco by 854.3% during the second quarter. Credit Suisse AG now owns 208,693 shares of the utilities provider’s stock worth $13,664,000 after acquiring an additional 186,825 shares in the last quarter. Ziegler Capital Management LLC increased its position in shares of Ameresco by 160.0% during the third quarter. Ziegler Capital Management LLC now owns 217,251 shares of the utilities provider’s stock worth $12,694,000 after acquiring an additional 133,706 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Ameresco by 5.7% during the third quarter. BlackRock Inc. now owns 2,233,596 shares of the utilities provider’s stock worth $130,508,000 after acquiring an additional 120,392 shares in the last quarter. Institutional investors and hedge funds own 49.22% of the company’s stock.
Ameresco Company Profile (Get Rating)
Ameresco, Inc engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other.
