Ameresco (AMRC) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Ameresco (NYSE:AMRC) to a strong-buy rating in a report published on Monday.

AMRC has been the subject of several other reports. Canaccord Genuity set a $11.50 price target on Ameresco and gave the company a buy rating in a research report on Sunday, March 4th. Zacks Investment Research cut Ameresco from a buy rating to a hold rating in a research report on Tuesday, January 2nd. Finally, Roth Capital set a $13.00 price target on Ameresco and gave the company a buy rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $11.38.

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Shares of AMRC stock opened at $12.95 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.42 and a quick ratio of 1.38. The company has a market cap of $580.16, a P/E ratio of 17.00, a P/E/G ratio of 1.35 and a beta of 0.75. Ameresco has a twelve month low of $5.25 and a twelve month high of $13.20.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Tuesday, March 6th. The utilities provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.34. The company had revenue of $211.10 million during the quarter, compared to analysts’ expectations of $187.00 million. Ameresco had a return on equity of 11.18% and a net margin of 5.23%. Ameresco’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. equities analysts predict that Ameresco will post 0.61 earnings per share for the current year.

In other news, insider Louis P. Maltezos sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $12.49, for a total value of $62,450.00. Following the completion of the sale, the insider now directly owns 5,000 shares in the company, valued at $62,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph P. Demanche sold 31,425 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $9.71, for a total value of $305,136.75. The disclosure for this sale can be found here. Insiders sold 138,240 shares of company stock valued at $1,440,550 over the last 90 days. Company insiders own 58.36% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Ameresco by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 943,907 shares of the utilities provider’s stock valued at $7,363,000 after buying an additional 41,937 shares in the last quarter. BlackRock Inc. increased its position in shares of Ameresco by 1.0% during the fourth quarter. BlackRock Inc. now owns 876,975 shares of the utilities provider’s stock worth $7,542,000 after purchasing an additional 8,493 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Ameresco by 10.7% during the fourth quarter. Franklin Resources Inc. now owns 649,900 shares of the utilities provider’s stock worth $5,589,000 after purchasing an additional 62,800 shares in the last quarter. State Street Corp increased its position in shares of Ameresco by 6.3% during the second quarter. State Street Corp now owns 336,858 shares of the utilities provider’s stock worth $2,593,000 after purchasing an additional 20,094 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Ameresco by 24.5% during the fourth quarter. Renaissance Technologies LLC now owns 291,100 shares of the utilities provider’s stock worth $2,503,000 after purchasing an additional 57,200 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

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Ameresco Company Profile

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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