Ameresco, Inc. (NYSE:AMRC) Receives $20.17 Consensus Target Price from Brokerages

Shares of Ameresco, Inc. (NYSE:AMRC) have earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.17.

A number of brokerages have recently issued reports on AMRC. Piper Sandler set a $21.00 price target on shares of Ameresco and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Robert W. Baird restated a “neutral” rating and set a $13.00 price target (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Canaccord Genuity Group upped their price target on shares of Ameresco from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. UBS Group lowered Ameresco from a “buy” rating to a “sell” rating and decreased their target price for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Baird R W downgraded Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th.

Insider Transactions at Ameresco

In related news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of Ameresco stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $9.67 per share, with a total value of $33,845.00. Following the transaction, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. This represents a 24.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George P. Sakellaris acquired 50,000 shares of Ameresco stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $9.96 per share, with a total value of $498,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 903,638 shares in the company, valued at $9,000,234.48. This represents a 5.86% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 80,808 shares of company stock worth $785,274. Company insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of Ameresco during the 1st quarter valued at $40,000. GAMMA Investing LLC lifted its position in Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 4,557 shares in the last quarter. AlphaQuest LLC bought a new stake in Ameresco during the first quarter valued at about $114,000. Advisors Asset Management Inc. increased its position in Ameresco by 57.4% in the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock worth $118,000 after buying an additional 3,554 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Ameresco in the first quarter worth about $121,000. 99.24% of the stock is currently owned by institutional investors.

Ameresco Trading Down 3.4%

Shares of Ameresco stock opened at $14.16 on Thursday. The stock has a market capitalization of $744.19 million, a P/E ratio of 14.16, a P/E/G ratio of 0.49 and a beta of 2.20. Ameresco has a 52-week low of $8.49 and a 52-week high of $39.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The stock’s 50-day simple moving average is $11.77 and its 200 day simple moving average is $18.91.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.15. The firm had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) earnings per share. As a group, research analysts anticipate that Ameresco will post 1.15 EPS for the current 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.