Ameresco Inc (NYSE:AMRC) has been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.17.
Several brokerages have weighed in on AMRC. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, March 8th. Roth Capital set a $13.00 price target on Ameresco and gave the company a “buy” rating in a report on Wednesday, March 7th. Canaccord Genuity set a $11.50 price target on Ameresco and gave the company a “buy” rating in a report on Sunday, March 4th. ValuEngine downgraded Ameresco from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Oppenheimer boosted their price target on Ameresco from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, May 2nd.
Shares of NYSE:AMRC traded down $0.15 during trading on Tuesday, hitting $11.40. 101,326 shares of the stock were exchanged, compared to its average volume of 126,422. The firm has a market capitalization of $542.25 million, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.61 and a quick ratio of 1.56. Ameresco has a 12-month low of $5.25 and a 12-month high of $13.20.
In related news, insider David Anderson sold 50,070 shares of the company’s stock in a transaction on Monday, April 9th. The shares were sold at an average price of $12.29, for a total transaction of $615,360.30. Following the completion of the sale, the insider now directly owns 474,400 shares of the company’s stock, valued at approximately $5,830,376. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph P. Demanche sold 13,575 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $10.00, for a total transaction of $135,750.00. Following the sale, the insider now directly owns 54,745 shares of the company’s stock, valued at $547,450. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 378,240 shares of company stock valued at $4,455,921. 57.93% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in Ameresco by 121.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,587 shares of the utilities provider’s stock valued at $151,000 after buying an additional 9,651 shares during the last quarter. Barclays PLC boosted its position in Ameresco by 536.3% in the 1st quarter. Barclays PLC now owns 18,854 shares of the utilities provider’s stock valued at $246,000 after buying an additional 15,891 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in Ameresco in the 1st quarter valued at about $287,000. ZPR Investment Management purchased a new position in Ameresco in the 1st quarter valued at about $336,000. Finally, Wells Fargo & Company MN boosted its position in Ameresco by 23.0% in the 3rd quarter. Wells Fargo & Company MN now owns 34,639 shares of the utilities provider’s stock valued at $270,000 after buying an additional 6,469 shares during the last quarter. 24.57% of the stock is owned by hedge funds and other institutional investors.
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.
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