Ameresco, Inc. (NYSE:AMRC) Receives $36.91 Consensus Target Price from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $36.91.

A number of equities analysts have issued reports on AMRC shares. Robert W. Baird lifted their price target on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Jefferies Financial Group assumed coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 target price for the company. Stifel Nicolaus upped their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Piper Sandler lifted their price target on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Finally, UBS Group boosted their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after buying an additional 391 shares during the period. nVerses Capital LLC bought a new stake in shares of Ameresco during the 2nd quarter valued at about $75,000. Point72 DIFC Ltd purchased a new position in shares of Ameresco during the second quarter worth about $86,000. GAMMA Investing LLC increased its position in shares of Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 2,880 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Ameresco by 1,294.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,279 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

Ameresco Stock Up 0.9 %

Ameresco stock opened at $26.37 on Thursday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 0.87 and a beta of 1.82. The firm’s fifty day moving average price is $32.40 and its two-hundred day moving average price is $31.21. Ameresco has a 1-year low of $17.55 and a 1-year high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36.

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.