Ameresco, Inc. (NYSE:AMRC) Receives $33.33 Consensus Price Target from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.33.

A number of equities analysts have commented on AMRC shares. Robert W. Baird decreased their target price on Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and decreased their target price for the company from $37.00 to $8.00 in a research note on Tuesday. StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus decreased their target price on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Canaccord Genuity Group decreased their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th.

Ameresco Stock Performance

Ameresco stock opened at $9.91 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco has a one year low of $9.39 and a one year high of $39.68. The stock’s 50 day moving average price is $21.54 and its 200 day moving average price is $27.26. The firm has a market capitalization of $519.92 million, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.49 and a beta of 1.79.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The business had revenue of $532.67 million during the quarter, compared to the consensus estimate of $524.31 million. As a group, sell-side analysts expect that Ameresco will post 1.15 EPS for the current fiscal year.

Insider Activity

In related news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ameresco

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares in the last quarter. PFG Investments LLC bought a new stake in Ameresco during the 3rd quarter worth about $207,000. Harvest Portfolios Group Inc. bought a new stake in Ameresco during the 3rd quarter worth about $471,000. Victory Capital Management Inc. bought a new stake in Ameresco during the 3rd quarter worth about $870,000. Finally, Zions Bancorporation N.A. raised its holdings in Ameresco by 18.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 57,145 shares of the utilities provider’s stock worth $2,168,000 after purchasing an additional 8,835 shares during the last quarter. Institutional investors own 99.24% of the company’s stock.

About Ameresco

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.