Ameresco (NYSE:AMRC) Given “Market Perform” Rating at Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Ameresco (NYSE:AMRC) in a research note published on Wednesday, Benzinga reports.

A number of other analysts have also recently commented on AMRC. BNP Paribas upgraded Ameresco from a neutral rating to an outperform rating and set a $34.00 price objective for the company in a research report on Tuesday, March 12th. Guggenheim reissued a neutral rating on shares of Ameresco in a research note on Thursday, February 29th. StockNews.com raised Ameresco to a sell rating in a research note on Tuesday. Canaccord Genuity Group decreased their price target on Ameresco from $50.00 to $36.00 and set a buy rating on the stock in a research note on Thursday, February 29th. Finally, Piper Sandler decreased their price target on Ameresco from $32.00 to $30.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $45.33.

Ameresco Trading Down 4.3 %

Ameresco stock opened at $18.61 on Wednesday. The stock has a market cap of $972.93 million, a PE ratio of 15.77, a P/E/G ratio of 0.58 and a beta of 1.56. The stock has a 50-day moving average price of $21.51 and a 200 day moving average price of $26.02. Ameresco has a 52 week low of $17.55 and a 52 week high of $63.19. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. The firm had revenue of $441.40 million during the quarter, compared to analysts’ expectations of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Equities research analysts predict that Ameresco will post 1.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Ameresco by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock valued at $45,083,000 after purchasing an additional 176,971 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Ameresco by 32.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 284,617 shares of the utilities provider’s stock worth $10,975,000 after acquiring an additional 69,997 shares in the last quarter. Boston Partners acquired a new position in Ameresco during the 3rd quarter worth approximately $2,143,000. Deutsche Bank AG lifted its position in Ameresco by 16.6% during the 3rd quarter. Deutsche Bank AG now owns 17,058 shares of the utilities provider’s stock worth $658,000 after acquiring an additional 2,426 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Ameresco by 20.0% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 292,411 shares of the utilities provider’s stock worth $11,275,000 after acquiring an additional 48,737 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

About Ameresco

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.