Ameresco, Inc. (NYSE:AMRC) Given Average Rating of “Moderate Buy” by Brokerages

Ameresco, Inc. (NYSE:AMRCGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $36.90.

A number of brokerages have recently commented on AMRC. StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Robert W. Baird increased their price target on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Stifel Nicolaus boosted their price objective on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Piper Sandler upped their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd.

Check Out Our Latest Stock Report on Ameresco

Ameresco Price Performance

AMRC opened at $23.94 on Friday. Ameresco has a 52 week low of $17.55 and a 52 week high of $39.68. The company has a fifty day moving average price of $26.29 and a two-hundred day moving average price of $29.59. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The firm has a market capitalization of $1.26 billion, a PE ratio of 23.94, a P/E/G ratio of 0.90 and a beta of 1.79.

Institutional Trading of Ameresco

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Ameresco by 100.3% in 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 during the period. Point72 DIFC Ltd acquired a new stake in shares of Ameresco in the second quarter valued at approximately $86,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,279 shares during the period. GAMMA Investing LLC increased its position in shares of Ameresco by 19.8% in the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 618 shares during the period. Finally, FMR LLC raised its position in shares of Ameresco by 257.9% in the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock valued at $203,000 after buying an additional 3,855 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

About Ameresco

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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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Analyst Recommendations for Ameresco (NYSE:AMRC)

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