Ameresco (NYSE:AMRC) Price Target Lowered to $18.00 at Stifel Nicolaus

Ameresco (NYSE:AMRC) had its price target trimmed by Stifel Nicolaus from $34.00 to $18.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the utilities provider’s stock.

Other equities analysts have also issued research reports about the stock. Robert W. Baird lowered their price objective on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. UBS Group lowered shares of Ameresco from a “buy” rating to a “sell” rating and lowered their price objective for the company from $37.00 to $8.00 in a research report on Tuesday. Finally, Canaccord Genuity Group lowered their price objective on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Ameresco Trading Up 3.4 %

Ameresco stock opened at $9.91 on Wednesday. Ameresco has a 1 year low of $9.39 and a 1 year high of $39.68. The firm’s 50 day moving average price is $21.54 and its 200-day moving average price is $27.26. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market cap of $519.92 million, a P/E ratio of 9.91, a PEG ratio of 0.49 and a beta of 1.79.

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

Insider Buying and Selling at Ameresco

In other news, Director Jennifer L. Miller sold 40,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMRC. First Trust Advisors LP raised its stake in shares of Ameresco by 124.4% during the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock worth $19,682,000 after acquiring an additional 464,737 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after acquiring an additional 450,571 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Ameresco by 59.6% during the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock worth $14,403,000 after acquiring an additional 229,128 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ameresco by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after acquiring an additional 214,918 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in Ameresco by 87.7% during the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after buying an additional 196,776 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

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.