Brokerages Set Ameresco, Inc. (NYSE:AMRC) PT at $40.31

Ameresco, Inc. (NYSE:AMRC) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $40.31.

AMRC has been the subject of a number of research reports. Robert W. Baird lifted their price objective on shares of Ameresco from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. UBS Group boosted their price target on shares of Ameresco from $36.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Piper Sandler reduced their price target on shares of Ameresco from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Finally, StockNews.com raised shares of Ameresco to a “sell” rating in a report on Wednesday, May 8th.

Ameresco Stock Down 6.2 %

Shares of NYSE:AMRC opened at $28.81 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $29.55 and a 200 day simple moving average of $25.81. The firm has a market cap of $1.51 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 0.83 and a beta of 1.78. Ameresco has a 12-month low of $17.55 and a 12-month high of $63.19.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The business had revenue of $298.41 million during the quarter, compared to analyst estimates of $255.38 million. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. On average, equities research analysts anticipate that Ameresco will post 1.38 EPS for the current fiscal year.

Insider Activity at Ameresco

In related news, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the sale, the chief accounting officer now directly owns 348 shares in the company, valued at $12,180. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC bought a new stake in Ameresco in the fourth quarter worth about $62,000. Cetera Trust Company N.A bought a new stake in Ameresco in the fourth quarter worth about $106,000. Dynamic Advisor Solutions LLC raised its position in Ameresco by 24.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 1,712 shares in the last quarter. Invst LLC acquired a new stake in Ameresco during the 1st quarter worth about $225,000. Finally, Victory Capital Management Inc. raised its holdings in Ameresco by 8.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock worth $295,000 after buying an additional 752 shares during the period. 99.24% of the stock is currently owned by institutional investors.

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.