Ameresco, Inc. (NYSE:AMRC) Stock Has Average Price Target of $41.89

by · The Cerbat Gem

Ameresco, Inc. (NYSE:AMRC – Get Free Report) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.89.

AMRC has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a research note on Thursday, September 3rd. Cantor Fitzgerald reduced their target price on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. UBS Group lifted their price target on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Zacks Research lowered shares of Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th.

Get Our Latest Analysis on Ameresco

Ameresco Stock Performance

Shares of AMRC stock opened at $18.50 on Thursday. The firm has a market cap of $981.88 million, a P/E ratio of 35.58, a PEG ratio of 1.38 and a beta of 2.62. The stock’s 50-day moving average is $22.03 and its two-hundred day moving average is $25.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. Ameresco has a fifty-two week low of $18.35 and a fifty-two week high of $42.83.

Ameresco (NYSE:AMRC – Get Free Report) last posted its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts predict that Ameresco will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Joseph Sutton bought 9,700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $20.87 per share, with a total value of $202,439.00. Following the completion of the purchase, the director owned 80,246 shares of the company’s stock, valued at $1,674,734.02. This represents a 13.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Sakellaris bought 3,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $22.13 per share, for a total transaction of $66,390.00. Following the completion of the acquisition, the chief executive officer owned 1,013,597 shares of the company’s stock, valued at $22,430,901.61. The trade was a 0.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 75,025 shares of company stock worth $1,778,963. 45.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMRC. Farther Finance Advisors LLC raised its holdings in shares of Ameresco by 458.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,037 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Ameresco in the 4th quarter valued at about $48,000. Fifth Third Bancorp bought a new position in Ameresco during the first quarter worth about $44,000. Optiver Holding B.V. grew its holdings in Ameresco by 550.8% during the first quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 2,005 shares during the period. Finally, Northside Capital Management LLC bought a new position in Ameresco during the second quarter worth about $207,000. Institutional investors own 99.24% of the company’s stock.

About Ameresco

(Get Free Report)

Ameresco, Inc (NYSE:AMRC) is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company’s offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.

Recommended Stories