Ameresco Downgraded by Zacks to Neutral (AMRC)
Ameresco (NASDAQ:AMRC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday. They currently have a $9.60 price objective on the stock. Zacks‘s price target would indicate a potential upside of 19.70% from the stock’s previous close.
Ameresco (NASDAQ:AMRC) traded up 0.12% on Thursday, hitting $8.03. The stock had a trading volume of 35,734 shares. Ameresco has a one year low of $5.59 and a one year high of $10.88. The stock has a 50-day moving average of $7.73 and a 200-day moving average of $7.51. The company has a market cap of $372.1 million and a P/E ratio of 891.11.
Ameresco (NASDAQ:AMRC) last released its earnings data on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.09. The company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $122.10 million. During the same quarter last year, the company posted ($0.04) earnings per share. Ameresco’s revenue was up 12.9% compared to the same quarter last year. Analysts expect that Ameresco will post $0.19 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AMRC. Analysts at TheStreet upgraded shares of Ameresco to a “hold” rating in a research note on Friday, August 29th. Analysts at Canaccord Genuity raised their price target on shares of Ameresco from $8.00 to $9.00 in a research note on Friday, August 1st.
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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