Robert W. Baird Issues Pessimistic Forecast for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC) had its price target dropped by equities researchers at Robert W. Baird from $42.00 to $25.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Robert W. Baird’s price objective points to a potential upside of 87.41% from the company’s previous close.

AMRC has been the subject of several other research reports. Stifel Nicolaus increased their target price on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Finally, UBS Group reduced their price objective on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

Ameresco Trading Down 27.2 %

NYSE AMRC opened at $13.34 on Friday. Ameresco has a fifty-two week low of $14.35 and a fifty-two week high of $39.68. 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 stock has a 50 day simple moving average of $22.27 and a two-hundred day simple moving average of $27.62. The stock has a market cap of $699.59 million, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.49 and a beta of 1.79.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping 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 analysts’ expectations of $524.31 million. On average, analysts forecast that Ameresco will post 1.15 earnings per share for the current year.

Insider Activity at Ameresco

In related news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now directly owns 17,225 shares in the company, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 391 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,279 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Ameresco during the fourth quarter valued at about $146,000. Cetera Trust Company N.A raised its holdings in Ameresco by 6.9% during the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 440 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 4,362 shares during the period. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.