Ameresco (NYSE:AMRC) Price Target Cut to $37.00 by Analysts at UBS Group

Ameresco (NYSE:AMRC) had its price objective decreased by UBS Group from $40.00 to $37.00 in a report released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the utilities provider’s stock.

AMRC has been the topic of a number of other research reports. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Stifel Nicolaus upped their price objective on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Ameresco Trading Down 35.6 %

AMRC opened at $11.80 on Wednesday. The company has a market cap of $618.83 million, a P/E ratio of 11.80, a PEG ratio of 0.49 and a beta of 1.79. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company’s 50 day moving average is $22.27 and its 200-day moving average is $27.62. Ameresco has a 1-year low of $11.78 and a 1-year high of $39.68.

Ameresco (NYSE:AMRC) last issued its earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. Equities research analysts predict that Ameresco will post 1.15 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Ameresco

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of Ameresco by 100.3% during the 3rd 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. boosted its holdings in shares of 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 buying an additional 2,279 shares in the last quarter. FMR LLC grew its position in shares of Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares during the period. PFG Investments LLC acquired a new stake in shares of Ameresco during the 3rd quarter worth approximately $207,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Ameresco in the 4th quarter valued at $146,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.