Ameresco Inc Gets a Buy Rating from Canaccord Genuity

Canaccord Genuity analyst Chip Moore maintained a Buy rating on Ameresco Inc (NYSE: AMRC) yesterday and set a price target of $13.50. The company’s shares opened today at $11.75.

Moore observed:

“We believe the risk/reward gets more attractive at current levels as growth trends appear to be improving.”

According to TipRanks.com, Moore is a 3-star analyst with an average return of 8.5% and a 72.2% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Darling Ingredients, and Badger Meter.

Currently, the analyst consensus on Ameresco Inc is Strong Buy and the average price target is $13.17, representing a 12.1% upside.

In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $13 price target.

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Ameresco Inc’s market cap is currently $528.2M and has a P/E ratio of 13.98. The company has a book value ratio of 1.5691.

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Ameresco, Inc. provides comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, and Small-Scale Infrastructure. The U.S. Regions, U.S.