Ameresco, Inc. (NYSE:AMRC) Given Average Recommendation of “Hold” by Brokerages

Shares of Ameresco, Inc. (NYSE:AMRC) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $42.5556.

A number of analysts recently weighed in on AMRC shares. Canaccord Genuity Group increased their price objective on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. UBS Group decreased their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Stifel Nicolaus restated a “buy” rating and issued a $38.00 price objective (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Finally, Cantor Fitzgerald increased their price objective on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th.

Ameresco Stock Down 1.5%

Shares of NYSE:AMRC opened at $36.02 on Monday. The company has a fifty day moving average of $28.45 and a 200-day moving average of $30.17. The company has a market capitalization of $1.91 billion, a PE ratio of 62.10, a price-to-earnings-growth ratio of 3.01 and a beta of 2.55. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. Ameresco has a 52-week low of $12.96 and a 52-week high of $44.93.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The company had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, equities analysts predict that Ameresco will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total transaction of $46,070.00. Following the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $479,774. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.27, for a total transaction of $322,700.00. Following the sale, the director directly owned 22,111 shares in the company, valued at $713,521.97. This trade represents a 31.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 21,730 shares of company stock valued at $681,213. 44.96% of the stock is currently owned by insiders.

Institutional Trading of Ameresco

A number of institutional investors have recently bought and sold shares of AMRC. State of Wyoming bought a new stake in Ameresco during the fourth quarter valued at $27,000. Fifth Third Bancorp bought a new stake in Ameresco during the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd bought a new stake in Ameresco during the fourth quarter valued at $48,000. Tower Research Capital LLC TRC boosted its position in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Ameresco during the 4th quarter worth about $55,000. Institutional investors own 99.24% of the company’s stock.

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.