Ameresco (NYSE:AMRC) Shares Down 7.7% – Should You Sell?

Ameresco, Inc. (NYSE:AMRC)’s share price fell 7.7% during mid-day trading on Tuesday . The stock traded as low as $26.31 and last traded at $26.39. 84,773 shares were traded during trading, a decline of 82% from the average session volume of 474,023 shares. The stock had previously closed at $28.60.

Analyst Ratings Changes

Several research firms have recently weighed in on AMRC. Jefferies Financial Group initiated coverage on Ameresco in a research note on Wednesday, September 4th. They set a “hold” rating and a $33.00 price target for the company. Stifel Nicolaus raised their price objective on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday. StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday. Robert W. Baird lifted their price target on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, UBS Group boosted their target price on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ameresco has an average rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Stock Down 7.5 %

The business has a 50-day moving average price of $33.28 and a two-hundred day moving average price of $31.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15. The firm has a market cap of $1.39 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.82.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Ameresco by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after buying an additional 489 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after buying an additional 618 shares in the last quarter. Clean Yield Group lifted its holdings in Ameresco by 0.6% in the 2nd quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock worth $4,898,000 after buying an additional 1,087 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Ameresco by 15.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock worth $256,000 after buying an additional 1,410 shares in the last quarter. 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.