Cantor Fitzgerald Cuts Ameresco (NYSE:AMRC) Price Target to $36.00

Ameresco (NYSE:AMRC) had its target price cut by Cantor Fitzgerald from $44.00 to $36.00 in a research report released on Thursday, Marketbeat.com reports. They currently have an overweight rating on the utilities provider’s stock.

Other analysts have also issued research reports about the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Zacks Research upgraded Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and increased their target price for the company from $34.00 to $40.00 in a research note on Tuesday, August 4th. Robert W. Baird restated a “neutral” rating and set a $32.00 target price (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Finally, Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.89.

Ameresco Stock Down 3.7%

NYSE:AMRC opened at $22.06 on Thursday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 1.61 and a beta of 2.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock’s fifty day moving average price is $24.60 and its two-hundred day moving average price is $27.50. Ameresco has a 52-week low of $18.38 and a 52-week high of $44.93.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, analysts anticipate that Ameresco will post 1.22 EPS for the current year.

Insider Activity at Ameresco

In other news, Director Joseph W. Sutton bought 9,700 shares of the stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $20.87 per share, for a total transaction of $202,439.00. Following the acquisition, the director owned 80,246 shares in the company, valued at approximately $1,674,734.02. This trade represents a 13.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brian C. Cox purchased 39,700 shares of the company’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $25.07 per share, for a total transaction of $995,279.00. Following the purchase, the director directly owned 39,700 shares in the company, valued at approximately $995,279. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 72,025 shares of company stock valued at $1,712,573 in the last quarter. 45.10% of the stock is currently owned by company insiders.

Institutional Trading of Ameresco

Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc grew its stake in Ameresco by 10.3% in the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after purchasing an additional 43,832 shares in the last quarter. Swedbank AB increased its position in shares of Ameresco by 219.0% during the 4th quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after purchasing an additional 254,000 shares during the last quarter. Royce & Associates LP raised its stake in shares of Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after purchasing an additional 102,782 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ameresco by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after purchasing an additional 167,068 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Ameresco by 7.5% in the 4th quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock valued at $19,063,000 after buying an additional 45,506 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

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.