Ameresco, Inc. (NYSE:AMRC) Receives $40.31 Average PT from Analysts

Ameresco, Inc. (NYSE:AMRC) has been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $40.31.

AMRC has been the topic of several research analyst reports. Robert W. Baird boosted their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Piper Sandler lowered their price target on Ameresco from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. Truist Financial lowered their target price on Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Canaccord Genuity Group cut their price target on Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, February 29th.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $30.72 on Monday. Ameresco has a one year low of $17.55 and a one year high of $63.19. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 0.91 and a beta of 1.78. The company has a 50-day simple moving average of $29.10 and a 200-day simple moving average of $25.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.96 and a current ratio of 0.97.

Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company had revenue of $298.41 million for the quarter, compared to the consensus estimate of $255.38 million. Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. On average, analysts predict that Ameresco will post 1.38 EPS for the current year.

Insider Buying and Selling at Ameresco

In other news, CAO Mark Chiplock sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total value of $105,000.00. Following the transaction, the chief accounting officer now owns 348 shares of the company’s stock, valued at approximately $12,180. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 42.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Ameresco

Several large investors have recently modified their holdings of AMRC. Quest Partners LLC bought a new position in Ameresco during the 4th quarter worth approximately $62,000. Cetera Trust Company N.A acquired a new stake in shares of Ameresco during the fourth quarter worth $106,000. Invst LLC bought a new position in shares of Ameresco in the 1st quarter worth about $225,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Ameresco by 51.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 9,931 shares of the utilities provider’s stock valued at $239,000 after buying an additional 3,374 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Ameresco by 15.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after buying an additional 1,410 shares during 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.