Ameresco, Inc. (NYSE:AMRC) Receives $38.00 Consensus PT from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $38.00.

Several research firms have commented on AMRC. Truist Financial lowered their target price on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Stifel Nicolaus dropped their price target on shares of Ameresco from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. UBS Group upped their price objective on shares of Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Piper Sandler dropped their target price on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Saturday.

Ameresco Stock Performance

Shares of AMRC opened at $27.85 on Tuesday. The company has a market capitalization of $1.46 billion, a PE ratio of 25.32, a PEG ratio of 0.86 and a beta of 1.78. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.96 and a current ratio of 0.97. The company’s 50 day moving average price is $30.34 and its 200 day moving average price is $26.15. Ameresco has a 52 week low of $17.55 and a 52 week high of $48.00.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The company had revenue of $437.98 million during the quarter, compared to analyst estimates of $373.75 million. Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The company’s revenue was up 33.9% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. Research analysts expect that Ameresco will post 1.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $35.00, for a total value of $105,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 348 shares in the company, valued at $12,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Spencer Doran Hole sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 1,878 shares in the company, valued at approximately $49,823.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mark Chiplock sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $35.00, for a total value of $105,000.00. Following the transaction, the chief accounting officer now owns 348 shares of the company’s stock, valued at approximately $12,180. The disclosure for this sale can be found here. Corporate insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quest Partners LLC acquired a new stake in shares of Ameresco during the 4th quarter worth about $62,000. nVerses Capital LLC acquired a new stake in shares of Ameresco during the second quarter worth approximately $75,000. Point72 DIFC Ltd acquired a new stake in shares of Ameresco during the second quarter worth approximately $86,000. GAMMA Investing LLC raised its stake 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 valued at $90,000 after acquiring an additional 2,880 shares during the last quarter. Finally, Cetera Trust Company N.A acquired a new position in shares of Ameresco in the 4th quarter worth approximately $106,000. 99.24% of the stock is currently 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.