Ameresco (NYSE:AMRC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Ameresco (NYSE:AMRC) had its price target increased by Stifel Nicolaus from $32.00 to $34.00 in a report published on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the utilities provider’s stock.

Several other brokerages have also weighed in on AMRC. Piper Sandler lifted their price objective on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective on the stock. Robert W. Baird raised their target price on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Wednesday, October 16th. Finally, UBS Group increased their price target on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ameresco has an average rating of “Moderate Buy” and a consensus price target of $36.91.

Ameresco Price Performance

Ameresco stock opened at $26.78 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. The business’s 50 day simple moving average is $33.06 and its 200 day simple moving average is $31.01. Ameresco has a 12 month low of $17.55 and a 12 month high of $39.68. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 0.89 and a beta of 1.82.

Institutional Trading of Ameresco

Hedge funds have recently bought and sold shares of the company. Natixis purchased a new position in shares of Ameresco during the first quarter worth approximately $480,000. Harbor Capital Advisors Inc. raised its position in Ameresco by 187.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider’s stock worth $1,982,000 after purchasing an additional 44,882 shares during the period. Swedbank AB bought a new stake in Ameresco in the first quarter worth $12,065,000. Connors Investor Services Inc. boosted its position in Ameresco by 35.4% during the first quarter. Connors Investor Services Inc. now owns 142,915 shares of the utilities provider’s stock valued at $3,449,000 after buying an additional 37,368 shares during the period. Finally, Caxton Associates LP bought a new position in shares of Ameresco during the first quarter valued at about $1,009,000. Institutional investors own 99.24% of the company’s stock.

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.