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

Ameresco, Inc. (NYSE:AMRC) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $45.33.

A number of research firms have recently commented on AMRC. Raymond James cut their target price on Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 3rd. B. Riley decreased their target price on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating for the company in a report on Monday, February 5th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday. Piper Sandler decreased their price objective 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, BNP Paribas upgraded Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Tuesday, March 12th.

Institutional Trading of Ameresco

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of Ameresco during the 3rd quarter valued at $28,000. Tower Research Capital LLC TRC grew its holdings in Ameresco by 302.4% during the first quarter. Tower Research Capital LLC TRC now owns 849 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 638 shares during the period. Lazard Asset Management LLC purchased a new stake in Ameresco in the first quarter worth about $50,000. Quest Partners LLC bought a new position in shares of Ameresco in the fourth quarter worth about $62,000. Finally, Cetera Trust Company N.A bought a new position in shares of Ameresco in the fourth quarter worth about $106,000. 99.24% of the stock is currently owned by institutional investors.

Ameresco Trading Down 3.3 %

Shares of NYSE AMRC opened at $19.43 on Wednesday. Ameresco has a 1 year low of $17.55 and a 1 year high of $63.19. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24. The firm has a 50-day moving average of $21.58 and a 200 day moving average of $26.07. The stock has a market cap of $1.02 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 0.60 and a beta of 1.56.

Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. The firm had revenue of $441.40 million during the quarter, compared to analyst estimates of $399.98 million. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The business’s revenue was up 33.1% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. As a group, sell-side analysts expect that Ameresco will post 1.39 EPS for the current fiscal year.

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.