Somewhat Positive News Coverage Somewhat Unlikely to Affect Ameresco (AMRC) Stock Price

Media stories about Ameresco (NYSE:AMRC) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ameresco earned a news impact score of 0.18 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 45.6416386915698 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Several analysts have weighed in on the company. Oppenheimer Holdings, Inc. set a $9.00 price target on Ameresco and gave the company a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Monday, August 14th. BidaskClub raised Ameresco from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Canaccord Genuity raised their price target on Ameresco from $8.00 to $8.50 and gave the company a “buy” rating in a report on Monday, August 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $8.25.

Shares of Ameresco (NYSE:AMRC) remained flat at $7.30 during trading on Tuesday. 62,095 shares of the stock traded hands. The firm’s 50 day moving average price is $6.89 and its 200 day moving average price is $6.63. The company has a market capitalization of $332.35 million, a P/E ratio of 24.25 and a beta of 1.12. Ameresco has a 52-week low of $4.60 and a 52-week high of $7.85.

Ameresco (NYSE:AMRC) last posted its earnings results on Wednesday, August 9th. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Ameresco had a return on equity of 5.23% and a net margin of 2.16%. The company had revenue of $166.70 million for the quarter, compared to the consensus estimate of $162.53 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that Ameresco will post $0.42 earnings per share for the current fiscal year.

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About Ameresco

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

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