ValuEngine Lowers Ameresco (NYSE:AMRC) to Strong-Buy

ValuEngine lowered shares of Ameresco (NYSE:AMRC) to a strong-buy rating in a research report report published on Monday, April 2nd.

AMRC has been the subject of a number of other reports. Canaccord Genuity set a $11.50 target price on Ameresco and gave the stock a buy rating in a report on Sunday, March 4th. Zacks Investment Research cut Ameresco from a buy rating to a hold rating in a report on Tuesday, January 2nd. Finally, Roth Capital set a $13.00 price target on Ameresco and gave the company a buy rating in a report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Ameresco has a consensus rating of Buy and an average target price of $11.38.

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NYSE:AMRC remained flat at $$12.10 during mid-day trading on Monday. The company had a trading volume of 118,269 shares, compared to its average volume of 134,705. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.42. Ameresco has a 1 year low of $5.25 and a 1 year high of $13.20. The company has a market cap of $550.59, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.28 and a beta of 0.73.



Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, March 6th. The utilities provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.34. Ameresco had a return on equity of 11.18% and a net margin of 5.23%. The company had revenue of $211.10 million during the quarter, compared to the consensus estimate of $187.00 million. During the same quarter last year, the company earned $0.08 EPS. The company’s quarterly revenue was up 21.2% on a year-over-year basis. research analysts predict that Ameresco will post 0.61 EPS for the current fiscal year.

In related news, insider Louis P. Maltezos sold 5,000 shares of Ameresco stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $12.49, for a total value of $62,450.00. Following the sale, the insider now owns 5,000 shares of the company’s stock, valued at $62,450. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph P. Demanche sold 31,425 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $9.71, for a total value of $305,136.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 220,740 shares of company stock worth $2,488,607. Corporate insiders own 58.36% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Ameresco by 121.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,587 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 9,651 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Ameresco during the third quarter worth approximately $167,000. Wells Fargo & Company MN boosted its holdings in shares of Ameresco by 23.0% during the third quarter. Wells Fargo & Company MN now owns 34,639 shares of the utilities provider’s stock worth $270,000 after acquiring an additional 6,469 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Ameresco by 15.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,465 shares of the utilities provider’s stock worth $658,000 after acquiring an additional 10,376 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Ameresco by 43.8% during the fourth quarter. Two Sigma Investments LP now owns 78,090 shares of the utilities provider’s stock worth $672,000 after acquiring an additional 23,774 shares during the period. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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