Ameresco (NYSE:AMRC) Stock Rating Lowered by UBS Group

Ameresco (NYSE:AMRC) was downgraded by investment analysts at UBS Group from a “buy” rating to a “sell” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. They presently have a $8.00 target price on the utilities provider’s stock, down from their previous target price of $37.00. UBS Group’s target price indicates a potential downside of 23.95% from the company’s current price.

AMRC has been the topic of several other reports. Canaccord Genuity Group decreased their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus increased their price target on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird decreased their target price on Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and an average target price of $30.11.

Ameresco Trading Down 10.8 %

Shares of NYSE:AMRC opened at $10.52 on Tuesday. The company has a 50-day simple moving average of $22.06 and a 200 day simple moving average of $27.51. The company has a market capitalization of $551.70 million, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 0.49 and a beta of 1.79. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco has a 52-week low of $10.40 and a 52-week high of $39.68.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Sell-side analysts forecast that Ameresco will post 1.15 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. This trade represents a 69.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Several large investors have recently made changes to their positions in AMRC. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,279 shares in the last quarter. FMR LLC lifted its position in shares of Ameresco by 257.9% during the 3rd quarter. FMR LLC now owns 5,350 shares of the utilities provider’s stock worth $203,000 after buying an additional 3,855 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Ameresco in the fourth quarter valued at about $146,000. Cetera Trust Company N.A grew its position in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 440 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in Ameresco in the third quarter valued at about $275,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.