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

Ameresco, Inc. (NYSE:AMRC – Get Rating) has earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $64.07.

A number of research firms recently weighed in on AMRC. Roth Capital upgraded Ameresco from a “sell” rating to a “neutral” rating and set a $44.00 price target on the stock in a research note on Wednesday, March 1st. Oppenheimer lowered their price target on shares of Ameresco from $76.00 to $64.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 28th. Craig Hallum cut their price target 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. Bank of America decreased their price objective on shares of Ameresco from $59.00 to $53.00 in a report on Thursday. Finally, Robert W. Baird dropped their target price on shares of Ameresco from $70.00 to $54.00 and set an “outperform” rating for the company in a report on Tuesday, February 28th.

Ameresco Stock Performance

Shares of AMRC opened at $43.21 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.03 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.23 and a current ratio of 1.25. Ameresco has a 1 year low of $39.62 and a 1 year high of $76.54. The company’s fifty day moving average is $44.15 and its two-hundred day moving average is $53.04.

Ameresco (NYSE:AMRC – Get Rating) last issued its quarterly earnings results on Monday, May 1st. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $271.04 million for the quarter, compared to analyst estimates of $231.61 million. Ameresco had a return on equity of 9.74% and a net margin of 4.85%. The company’s revenue was down 42.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. On average, sell-side analysts predict that Ameresco will post 1.8 earnings per share for the current year.

Insider Activity

In other news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $42.72, for a total value of $213,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 41.88% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Ameresco by 7.6% during the first quarter. JPMorgan Chase & Co. now owns 62,062 shares of the utilities provider’s stock worth $3,055,000 after purchasing an additional 4,394 shares during the period. Harvest Portfolios Group Inc. purchased a new position in shares of Ameresco in the 1st quarter worth $714,000. Susquehanna International Group LLP raised its position in shares of Ameresco by 122.3% in the 1st quarter. Susquehanna International Group LLP now owns 33,118 shares of the utilities provider’s stock worth $1,630,000 after buying an additional 18,221 shares during the period. Segall Bryant & Hamill LLC grew its position in Ameresco by 1.3% during the first quarter. Segall Bryant & Hamill LLC now owns 92,371 shares of the utilities provider’s stock valued at $4,546,000 after acquiring an additional 1,151 shares during the period. Finally, State Street Corp grew its position in Ameresco by 2.3% during the first quarter. State Street Corp now owns 656,063 shares of the utilities provider’s stock valued at $32,291,000 after acquiring an additional 15,006 shares during the period. 57.50% of the stock is currently owned by institutional investors and hedge funds.

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.