Ameresco Stock Rating Upgraded by Zacks (AMRC)
Ameresco (NASDAQ:AMRC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Monday, Stock Ratings News reports. The firm currently has a $10.60 target price on the stock. Zacks‘ target price suggests a potential upside of 2.51% from the stock’s previous close.
Shares of Ameresco (NASDAQ:AMRC) traded up 0.39% on Monday, hitting $10.34. 144,985 shares of the company’s stock traded hands. Ameresco has a 52 week low of $6.56 and a 52 week high of $10.88. The stock’s 50-day moving average is $9.38 and its 200-day moving average is $9.34. The company has a market cap of $473.9 million and a P/E ratio of 79.84.
Ameresco (NASDAQ:AMRC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.08. The company had revenue of $161.60 million for the quarter, compared to the consensus estimate of $185.00 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts expect that Ameresco will post $0.23 EPS for the current fiscal year.
Separately, analysts at Canaccord Genuity cut their price target on shares of Ameresco from $12.50 to $11.50 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock.
Ameresco, Inc, is a provider of energy efficiency solutions for facilities throughout North America. The Company’s services include upgrades to a facility’s energy infrastructure and the construction and operation of small-scale renewable energy plants.
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