Headlines about Ameresco (NYSE:AMRC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ameresco earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.9881361172867 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several analysts have issued reports on the company. Canaccord Genuity restated a “buy” rating and issued a $8.00 target price on shares of Ameresco in a research note on Monday. Zacks Investment Research lowered Ameresco from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub lowered Ameresco from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Roth Capital upgraded Ameresco from a “neutral” rating to a “buy” rating and boosted their target price for the company from $6.50 to $8.00 in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $8.38.
Shares of Ameresco (AMRC) opened at 6.35 on Tuesday. The company’s 50 day moving average price is $6.94 and its 200-day moving average price is $6.27. The company has a market capitalization of $288.44 million, a price-to-earnings ratio of 28.35 and a beta of 1.14. Ameresco has a 1-year low of $4.51 and a 1-year high of $7.85.
In related news, insider Louis P. Maltezos sold 23,175 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $6.61, for a total value of $153,186.75. Following the transaction, the insider now directly owns 23,175 shares of the company’s stock, valued at approximately $153,186.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 58.36% of the company’s stock.
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Ameresco Company Profile
Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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