Ameresco (AMRC) Rating Increased to B- at TheStreet

TheStreet upgraded shares of Ameresco (NYSE:AMRC) from a c+ rating to a b- rating in a research report sent to investors on Wednesday.

AMRC has been the subject of several other reports. ValuEngine downgraded shares of Ameresco from a buy rating to a hold rating in a research note on Thursday, October 4th. Zacks Investment Research upgraded shares of Ameresco from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Thursday, November 1st. Canaccord Genuity boosted their price objective on shares of Ameresco from $16.00 to $16.50 and gave the stock a buy rating in a research note on Wednesday, October 31st. Oppenheimer set a $17.00 price objective on shares of Ameresco and gave the stock a buy rating in a research note on Tuesday, October 30th. Finally, Roth Capital downgraded shares of Ameresco from a buy rating to a neutral rating and decreased their price objective for the stock from $15.00 to $14.00 in a research note on Thursday, October 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $16.38.

Ameresco stock opened at $14.93 on Wednesday. Ameresco has a 1 year low of $7.65 and a 1 year high of $16.59. The company has a market capitalization of $709.08 million, a P/E ratio of 19.64, a P/E/G ratio of 1.15 and a beta of 0.39. The company has a quick ratio of 1.53, a current ratio of 1.42 and a debt-to-equity ratio of 0.62.

Ameresco (NYSE:AMRC) last released its earnings results on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Ameresco had a net margin of 6.43% and a return on equity of 14.06%. The firm had revenue of $205.40 million during the quarter, compared to the consensus estimate of $208.40 million. During the same period in the previous year, the firm earned $0.18 earnings per share. Ameresco’s revenue was up .3% compared to the same quarter last year. On average, research analysts predict that Ameresco will post 0.77 earnings per share for the current year.

In other news, Director Francis V. Wisneski, Jr. sold 5,516 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $15.97, for a total value of $88,090.52. Following the completion of the transaction, the director now directly owns 110,676 shares in the company, valued at $1,767,495.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Louis P. Maltezos sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $14.54, for a total transaction of $72,700.00. Following the completion of the transaction, the insider now owns 25,000 shares of the company’s stock, valued at $363,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,016 shares of company stock valued at $515,506. 57.93% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in AMRC. Paloma Partners Management Co purchased a new position in shares of Ameresco in the second quarter valued at $126,000. Citadel Advisors LLC purchased a new position in shares of Ameresco in the second quarter valued at $135,000. Engineers Gate Manager LP purchased a new position in shares of Ameresco in the third quarter valued at $162,000. Sei Investments Co. acquired a new stake in Ameresco in the second quarter valued at $206,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Ameresco in the second quarter valued at $216,000. Institutional investors and hedge funds own 28.15% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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