Ameresco, Inc. (NYSE:AMRC) Receives $37.69 Average PT from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $37.69.

Several brokerages recently weighed in on AMRC. StockNews.com upgraded Ameresco to a “sell” rating in a research note on Saturday, August 17th. Piper Sandler decreased their target price on Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. B. Riley upgraded Ameresco to a “strong-buy” rating in a research note on Tuesday, June 25th. Jefferies Financial Group began coverage on Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 target price for the company. Finally, Robert W. Baird restated an “outperform” rating and issued a $32.00 target price on shares of Ameresco in a research note on Tuesday, August 27th.

Ameresco Price Performance

Shares of Ameresco stock opened at $30.09 on Friday. Ameresco has a twelve month low of $17.55 and a twelve month high of $47.56. The stock has a market capitalization of $1.58 billion, a P/E ratio of 27.35, a PEG ratio of 1.02 and a beta of 1.78. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average price is $29.45 and its 200 day moving average price is $27.03.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The business had revenue of $437.98 million for the quarter, compared to analysts’ expectations of $373.75 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue was up 33.9% compared to the same quarter last year. As a group, research analysts anticipate that Ameresco will post 1.16 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $26.53, for a total value of $132,650.00. Following the transaction, the chief financial officer now owns 1,878 shares of the company’s stock, valued at $49,823.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.00% of the stock is owned by corporate insiders.

Institutional Trading of Ameresco

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Asset Management Holding S.A. acquired a new position in Ameresco during the fourth quarter worth $22,650,000. LGT Group Foundation acquired a new position in Ameresco during the second quarter worth $20,325,000. Swedbank AB acquired a new position in Ameresco during the first quarter worth $12,065,000. Point72 Asset Management L.P. acquired a new position in Ameresco during the second quarter worth $10,821,000. Finally, First Trust Advisors LP increased its position in Ameresco by 59.9% during the fourth quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after buying an additional 297,236 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

About Ameresco

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.