Ameresco’s (AMRC) “Market Perform” Rating Reaffirmed at Oppenheimer

Ameresco (NYSE:AMRC)‘s stock had its “market perform” rating reaffirmed by investment analysts at Oppenheimer in a research report issued on Wednesday, Benzinga reports.

Other analysts have also recently issued research reports about the stock. Raymond James decreased their price target on shares of Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 3rd. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Tuesday. Canaccord Genuity Group decreased their price target on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Guggenheim restated a “neutral” rating on shares of Ameresco in a research report on Thursday, February 29th. Finally, B. Riley decreased their target price on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Ameresco currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

Ameresco Stock Performance

Shares of AMRC stock traded down $0.57 during mid-day trading on Wednesday, reaching $18.87. 372,127 shares of the company’s stock traded hands, compared to its average volume of 538,384. Ameresco has a 12 month low of $17.55 and a 12 month high of $63.19. The firm has a 50 day moving average price of $21.58 and a two-hundred day moving average price of $26.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25. The firm has a market capitalization of $986.52 million, a PE ratio of 16.07, a price-to-earnings-growth ratio of 0.58 and a beta of 1.56.

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

Hedge Funds Weigh In On Ameresco

A number of hedge funds have recently added to or reduced their stakes in AMRC. International Assets Investment Management LLC bought a new position in Ameresco in the 3rd quarter worth about $28,000. Tower Research Capital LLC TRC boosted its stake in shares of Ameresco by 302.4% during the first quarter. Tower Research Capital LLC TRC now owns 849 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 638 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Ameresco during the first quarter valued at approximately $50,000. Quest Partners LLC bought a new position in shares of Ameresco during the fourth quarter valued at approximately $62,000. Finally, Cetera Trust Company N.A bought a new position in shares of Ameresco during the fourth quarter valued at approximately $106,000. 99.24% of the stock is currently 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.