Ameresco, Inc. (NYSE:AMRC) Receives $39.00 Consensus Price Target from Brokerages

Shares of Ameresco, Inc. (NYSE:AMRC) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $39.00.

AMRC has been the subject of several recent research reports. Wall Street Zen downgraded Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Cantor Fitzgerald reissued an “overweight” rating on shares of Ameresco in a research note on Wednesday, March 4th. UBS Group reduced their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Finally, William Blair raised Ameresco to a “hold” rating in a research note on Tuesday, January 27th.

Insider Buying and Selling

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the completion of the sale, the director directly owned 14,111 shares in the company, valued at $481,890.65. This represents a 52.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 17,020 shares of company stock valued at $577,840. 44.96% of the stock is currently owned by corporate insiders.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Ameresco in the 4th quarter worth $27,000. CoreCap Advisors LLC acquired a new stake in shares of Ameresco in the 3rd quarter worth $50,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco in the 4th quarter worth $48,000. Summit Securities Group LLC acquired a new stake in shares of Ameresco in the 4th quarter worth $55,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ameresco in the 3rd quarter worth $76,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Trading Down 0.4%

Shares of AMRC stock opened at $23.91 on Friday. The stock has a 50 day simple moving average of $28.98 and a 200-day simple moving average of $32.31. Ameresco has a 1-year low of $8.49 and a 1-year high of $44.93. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.51 and a quick ratio of 1.50. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 2.03 and a beta of 2.61.

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

Ameresco Company Profile

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.