Ameresco (AMRC) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Ameresco (NYSE: AMRC) in the last few weeks:

• 3/10/2023 – Ameresco was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $64.00 price target on the stock, up previously from $57.00.
• 3/1/2023 – Ameresco was upgraded by analysts at Roth Capital from a “sell” rating to a “neutral” rating. They now have a $44.00 price target on the stock.
• 3/1/2023 – Ameresco was upgraded by analysts at Roth Mkm from a “sell” rating to a “neutral” rating. They now have a $44.00 price target on the stock.
• 2/28/2023 – Ameresco had its price target lowered by analysts at Oppenheimer Holdings Inc. from $76.00 to $64.00. They now have an “outperform” rating on the stock.
• 2/28/2023 – Ameresco had its price target lowered by analysts at Robert W. Baird from $70.00 to $54.00. They now have an “outperform” rating on the stock.
• 2/28/2023 – Ameresco had its price target lowered by analysts at Craig Hallum from $82.00 to $68.00. They now have a “buy” rating on the stock.
• 2/28/2023 – Ameresco had its price target lowered by analysts at EF Hutton Acquisition Co. I from $86.00 to $80.00. They now have a “buy” rating on the stock.

Ameresco Trading Down 1.8 %

NYSE:AMRC opened at $43.74 on Thursday. Ameresco, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $86.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.23 and a quick ratio of 1.22. The stock has a market capitalization of $2.27 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.15. The business’s 50-day simple moving average is $55.01 and its 200-day simple moving average is $60.21.

Ameresco (NYSE:AMRC – Get Rating) last released its quarterly earnings data on Monday, February 27th. The utilities provider reported $0.35 earnings per share 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 net margin of 5.20% and a return on equity of 12.44%. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. Sell-side analysts expect that Ameresco, Inc. will post 1.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Several institutional investors have recently bought and sold shares of the company. Ergoteles LLC acquired a new position in shares of Ameresco during the 3rd quarter worth approximately $729,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Ameresco during the 2nd quarter worth approximately $262,000. Algert Global LLC increased its position in shares of Ameresco by 48.6% during the 3rd quarter. Algert Global LLC now owns 38,047 shares of the utilities provider’s stock worth $2,529,000 after purchasing an additional 12,441 shares during the last quarter. Guinness Asset Management LTD increased its holdings in shares of Ameresco by 6.6% during the 3rd quarter. Guinness Asset Management LTD now owns 496,962 shares of the utilities provider’s stock worth $33,038,000 after acquiring an additional 30,709 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its holdings in shares of Ameresco by 6.0% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 19,670 shares of the utilities provider’s stock worth $897,000 after acquiring an additional 1,114 shares during the last quarter. Institutional investors own 57.50% of the company’s stock.

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.