Ameresco Inc (NYSE:AMRC) has been given a consensus rating of “Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.30.

AMRC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Monday, August 12th. ValuEngine downgraded shares of Ameresco from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

AMRC traded down $0.04 during trading on Monday, hitting $15.20. 67,163 shares of the stock traded hands, compared to its average volume of 119,941. Ameresco has a twelve month low of $11.73 and a twelve month high of $18.05. The company has a market cap of $708.44 million, a price-to-earnings ratio of 18.77, a PEG ratio of 1.01 and a beta of 0.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.51 and a quick ratio of 1.47. The business has a 50 day moving average price of $14.30 and a 200 day moving average price of $15.22.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $198.20 million during the quarter, compared to the consensus estimate of $196.95 million. Ameresco had a net margin of 4.62% and a return on equity of 8.29%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. On average, equities research analysts predict that Ameresco will post 0.8 earnings per share for the current year.

In other Ameresco news, Director Jennifer L. Miller acquired 4,000 shares of Ameresco stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $14.15 per share, with a total value of $56,600.00. Following the completion of the purchase, the director now directly owns 12,000 shares in the company, valued at approximately $169,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George P. Sakellaris sold 27,500 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $14.49, for a total transaction of $398,475.00. Following the completion of the sale, the chief executive officer now directly owns 3,394,061 shares in the company, valued at approximately $49,179,943.89. The disclosure for this sale can be found here. Insiders have sold 373,400 shares of company stock valued at $5,325,737 over the last quarter. Company insiders own 55.86% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its stake in shares of Ameresco by 335.9% in the second quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 1,807 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Ameresco by 508.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,945 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 3,297 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Ameresco in the second quarter worth $145,000. Alps Advisors Inc. bought a new stake in shares of Ameresco in the first quarter worth $213,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in Ameresco during the second quarter valued at $242,000. 30.89% of the stock is currently owned by institutional investors.

Ameresco Company Profile

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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