Ameresco (NYSE:AMRC) Stock Price Down 6.5% – Should You Sell?

Ameresco, Inc. (NYSE:AMRC)’s share price fell 6.5% during mid-day trading on Monday . The stock traded as low as $20.90 and last traded at $21.16. 174,905 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 403,341 shares. The stock had previously closed at $22.63.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMRC. Piper Sandler lifted their price target on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus lifted their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ameresco has an average rating of “Moderate Buy” and a consensus price target of $36.90.

Ameresco Price Performance

The stock has a fifty day moving average of $24.88 and a 200-day moving average of $29.00. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $1.09 billion, a P/E ratio of 20.85, a PEG ratio of 0.58 and a beta of 1.79.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 391 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,279 shares in the last quarter. GAMMA Investing LLC increased its stake in Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 618 shares in the last quarter. Cetera Trust Company N.A increased its stake in Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 440 shares in the last quarter. Finally, FMR LLC increased its stake in 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 purchasing an additional 3,855 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.