Ameresco (NYSE:AMRC) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Ameresco (NYSE:AMRC) in a report issued on Wednesday, Briefing.com reports. The firm set a “hold” rating and a $33.00 price target on the utilities provider’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 11.79% from the stock’s current price.

A number of other analysts have also recently weighed in on AMRC. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Saturday, August 17th. Piper Sandler dropped their price target on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. UBS Group boosted their price objective on Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Stifel Nicolaus lowered their target price on Ameresco from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, B. Riley raised Ameresco to a “strong-buy” rating in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.62.

Ameresco Stock Down 3.1 %

Shares of Ameresco stock opened at $29.52 on Wednesday. The business has a 50-day moving average price of $29.37 and a 200 day moving average price of $26.80. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $47.56. The firm has a market cap of $1.55 billion, a P/E ratio of 26.84, a P/E/G ratio of 1.06 and a beta of 1.78. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The company had revenue of $437.98 million for the quarter, compared to analyst estimates of $373.75 million. Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The firm’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, sell-side analysts forecast that Ameresco will post 1.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $26.53, for a total value of $132,650.00. Following the transaction, the chief financial officer now owns 1,878 shares in the company, valued at $49,823.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Ameresco by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after buying an additional 489 shares during the period. Bridge City Capital LLC boosted its stake in Ameresco by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 622 shares during the period. Victory Capital Management Inc. grew its position in Ameresco by 8.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 752 shares in the last quarter. Otter Creek Advisors LLC raised its stake in Ameresco by 1.2% during the 4th quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock valued at $2,181,000 after purchasing an additional 818 shares during the period. Finally, Clean Yield Group lifted its holdings in shares of Ameresco by 0.6% in the second quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock valued at $4,898,000 after purchasing an additional 1,087 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

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.