Analysts Set Ameresco, Inc. (NYSE:AMRC) Price Target at $40.10

Ameresco, Inc. (NYSE:AMRC) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.00.

AMRC has been the topic of several research analyst reports. Canaccord Genuity Group raised their price objective on shares of Ameresco from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a report on Wednesday. UBS Group decreased their price target on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings lowered shares of Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Ameresco in a research note on Wednesday, March 4th.

Ameresco Price Performance

NYSE AMRC opened at $24.73 on Wednesday. The company has a market cap of $1.31 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.06 and a beta of 2.53. The company has a fifty day simple moving average of $30.82 and a 200 day simple moving average of $32.32. Ameresco has a 1 year low of $8.49 and a 1 year high of $44.93. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.56.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, March 2nd. The utilities provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $581.03 million during the quarter, compared to analysts’ expectations of $556.09 million. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, sell-side analysts predict that Ameresco will post 1.15 EPS for the current year.

Insider Activity at Ameresco

In other news, Director Nickolas Stavropoulos sold 15,700 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00. Following the sale, the director directly owned 14,111 shares in the company, valued at approximately $481,890.65. The trade was a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 17,020 shares of company stock valued at $577,840. 44.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming bought a new stake in Ameresco in the 4th quarter valued at $27,000. CoreCap Advisors LLC acquired a new stake in shares of Ameresco during the 3rd quarter valued at about $50,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco during the 4th quarter valued at about $48,000. Summit Securities Group LLC bought a new stake in Ameresco in the fourth quarter valued at about $55,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Ameresco in the third quarter worth about $76,000. 99.24% of the stock is owned by institutional investors.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.