Ameresco, Inc. (NYSE:AMRC) Receives $36.91 Consensus Target Price from Brokerages

Shares of Ameresco, Inc. (NYSE:AMRC) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $36.91.

Several brokerages have recently weighed in on AMRC. UBS Group increased their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Robert W. Baird increased their target price on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Stifel Nicolaus increased their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group initiated coverage on shares of Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, Piper Sandler raised their price target on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Ameresco by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 754,775 shares of the utilities provider’s stock valued at $28,642,000 after purchasing an additional 10,197 shares during the period. Barclays PLC increased its position in Ameresco by 204.2% during the 3rd quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock valued at $2,248,000 after purchasing an additional 39,773 shares during the period. Wellington Management Group LLP increased its position in Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after purchasing an additional 450,571 shares during the period. Stifel Financial Corp increased its position in Ameresco by 35.1% during the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock valued at $4,487,000 after purchasing an additional 30,718 shares during the period. Finally, Redwood Grove Capital LLC boosted its holdings in shares of Ameresco by 41.9% in the 3rd quarter. Redwood Grove Capital LLC now owns 499,890 shares of the utilities provider’s stock valued at $18,966,000 after buying an additional 147,642 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Trading Up 8.9 %

Shares of AMRC opened at $28.53 on Thursday. Ameresco has a twelve month low of $17.55 and a twelve month high of $39.68. The company has a market cap of $1.50 billion, a P/E ratio of 28.53, a P/E/G ratio of 0.94 and a beta of 1.82. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $32.05 and its 200-day simple moving average is $31.29.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.