Stifel Nicolaus Forecasts Strong Price Appreciation for Ameresco (NYSE:AMRC) Stock

Ameresco (NYSE:AMRC) had its price target raised by equities research analysts at Stifel Nicolaus from $32.00 to $34.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Stifel Nicolaus’ target price points to a potential upside of 28.54% from the stock’s current price.

Several other equities analysts have also recently weighed in on AMRC. Piper Sandler raised their target price on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Robert W. Baird lifted their target price on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Jefferies Financial Group assumed 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. StockNews.com upgraded Ameresco to a “sell” rating in a report on Wednesday, October 16th. Finally, UBS Group upped their price objective on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and an average price target of $36.91.

Ameresco Stock Down 7.5 %

NYSE AMRC opened at $26.45 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. Ameresco has a 12 month low of $17.55 and a 12 month high of $39.68. The stock’s 50 day moving average is $33.22 and its 200 day moving average is $31.08. The stock has a market cap of $1.39 billion, a PE ratio of 26.45, a P/E/G ratio of 0.92 and a beta of 1.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 391 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Ameresco by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock valued at $356,000 after buying an additional 489 shares during the period. GAMMA Investing LLC grew its stake in shares of Ameresco by 19.8% during the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after buying an additional 618 shares during the last quarter. Clean Yield Group raised its holdings in shares of Ameresco by 0.6% in the second 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 during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Ameresco by 15.4% during 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 acquiring an additional 1,410 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

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.