Ameresco (NYSE:AMRC) Trading 5.1% Higher

Ameresco, Inc. (NYSE:AMRCGet Rating) shares traded up 5.1% during mid-day trading on Thursday . The company traded as high as $45.50 and last traded at $45.29. 5,954 shares changed hands during trading, a decline of 99% from the average session volume of 455,606 shares. The stock had previously closed at $43.09.

A number of equities analysts have recently issued reports on the company. Piper Sandler increased their price target on Ameresco from $64.00 to $65.00 in a research report on Thursday, April 21st. Roth Capital dropped their price objective on Ameresco from $52.00 to $44.00 in a research report on Tuesday, May 3rd. Robert W. Baird dropped their price objective on Ameresco from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 3rd. StockNews.com started coverage on Ameresco in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Canaccord Genuity Group dropped their price objective on Ameresco from $85.00 to $62.00 in a research report on Tuesday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Ameresco presently has a consensus rating of “Hold” and an average target price of $76.23.

The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02. The firm has a fifty day moving average of $52.56 and a 200 day moving average of $60.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.14 and a quick ratio of 2.11.

Ameresco (NYSE:AMRCGet Rating) last posted its earnings results on Monday, May 2nd. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $474.00 million for the quarter, compared to analyst estimates of $418.42 million. Ameresco had a return on equity of 12.44% and a net margin of 5.33%. During the same period last year, the company earned $0.25 earnings per share. Research analysts predict that Ameresco, Inc. will post 1.89 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV grew its holdings in Ameresco by 1.0% in the fourth quarter. KBC Group NV now owns 23,641 shares of the utilities provider’s stock valued at $1,925,000 after purchasing an additional 237 shares during the period. NorthCrest Asset Manangement LLC lifted its position in Ameresco by 1.5% during the first quarter. NorthCrest Asset Manangement LLC now owns 20,200 shares of the utilities provider’s stock worth $1,606,000 after buying an additional 300 shares in the last quarter. Clayton Partners LLC lifted its position in Ameresco by 1.3% during the first quarter. Clayton Partners LLC now owns 27,621 shares of the utilities provider’s stock worth $2,196,000 after buying an additional 342 shares in the last quarter. Principal Financial Group Inc. lifted its position in Ameresco by 6.8% during the first quarter. Principal Financial Group Inc. now owns 5,612 shares of the utilities provider’s stock worth $446,000 after buying an additional 355 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in Ameresco by 5.1% during the first quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock worth $658,000 after buying an additional 399 shares in the last quarter. 51.21% of the stock is currently owned by institutional investors.

About Ameresco (NYSE:AMRC)

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.

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