Ameresco, Inc. (NYSE:AMRC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Ameresco, Inc. (NYSE:AMRC – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $66.29.

A number of analysts have commented on AMRC shares. Craig Hallum reduced their target price on shares of Ameresco from $82.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. Oppenheimer reduced their price objective on shares of Ameresco from $76.00 to $64.00 and set an “outperform” rating for the company in a research note on Tuesday, February 28th. Roth Mkm raised shares of Ameresco from a “sell” rating to a “neutral” rating and set a $44.00 price objective for the company in a research note on Wednesday, March 1st. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Tuesday, January 10th. Finally, Robert W. Baird lowered their price objective on shares of Ameresco from $70.00 to $54.00 and set an “outperform” rating for the company in a research report on Tuesday, February 28th.

Institutional Trading of Ameresco

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Ameresco by 24.8% in the first quarter. JPMorgan Chase & Co. now owns 89,815 shares of the utilities provider’s stock valued at $7,141,000 after acquiring an additional 17,857 shares during the period. MetLife Investment Management LLC lifted its holdings in Ameresco by 58.9% in the first quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider’s stock valued at $1,271,000 after acquiring an additional 5,927 shares during the period. Rhumbline Advisers increased its position in shares of Ameresco by 6.8% in the first quarter. Rhumbline Advisers now owns 32,223 shares of the utilities provider’s stock valued at $2,562,000 after buying an additional 2,055 shares in the last quarter. BlackRock Inc. increased its position in shares of Ameresco by 3.2% in the first quarter. BlackRock Inc. now owns 2,355,254 shares of the utilities provider’s stock valued at $187,241,000 after buying an additional 72,667 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in shares of Ameresco by 5.1% in the first quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock valued at $658,000 after buying an additional 399 shares in the last quarter. Institutional investors and hedge funds own 57.50% of the company’s stock.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $46.46 on Tuesday. The company’s fifty day moving average is $56.63 and its 200 day moving average is $61.18. Ameresco has a 52 week low of $40.73 and a 52 week high of $86.73. The stock has a market cap of $2.41 billion, a PE ratio of 26.10, a PEG ratio of 0.96 and a beta of 1.15. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.65.

Ameresco (NYSE:AMRC – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The utilities provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $331.73 million for the quarter, compared to the consensus estimate of $365.63 million. Ameresco had a return on equity of 12.44% and a net margin of 5.20%. The company’s revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. Research analysts anticipate that Ameresco will post 1.84 earnings per share for the current year.

Ameresco Company Profile

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Ameresco, Inc engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other.