Ameresco, Inc. (NYSE:AMRC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $36.73.

A number of equities research analysts have recently weighed in on AMRC shares. Jefferies Financial Group started coverage on Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective for the company. Piper Sandler boosted their target price on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. StockNews.com raised Ameresco to a “sell” rating in a research note on Wednesday, October 16th. Robert W. Baird boosted their target price on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, UBS Group upped their price target on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th.

Insiders Place Their Bets

In related news, CFO Spencer Doran Hole sold 5,000 shares of the 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 directly owns 1,878 shares of the company’s stock, valued at approximately $49,823.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 5,221 shares of company stock valued at $140,814 in the last quarter. 42.00% of the stock is currently owned by company insiders.

Institutional Trading of Ameresco

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in Ameresco by 100.3% in the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 391 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Ameresco by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock valued at $356,000 after buying an additional 489 shares in the last quarter. GAMMA Investing LLC grew its position in Ameresco by 19.8% in the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock valued at $142,000 after buying an additional 618 shares in the last quarter. Clean Yield Group boosted its position in shares of Ameresco by 0.6% during the 2nd quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock valued at $4,898,000 after purchasing an additional 1,087 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted 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 purchasing an additional 1,410 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

Shares of Ameresco stock opened at $30.51 on Friday. Ameresco has a one year low of $17.55 and a one year high of $39.68. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.21 and a beta of 1.79. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The business’s 50 day moving average price is $32.87 and its 200 day moving average price is $30.14.

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

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.