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

Ameresco, Inc. (NYSE:AMRC) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $54.85.

Several brokerages have recently weighed in on AMRC. Robert W. Baird upped their price target on shares of Ameresco from $54.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. William Blair cut shares of Ameresco from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 7th. Roth Mkm raised shares of Ameresco from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, October 25th. Piper Sandler decreased their target price on shares of Ameresco from $64.00 to $59.00 and set an “overweight” rating for the company in a research report on Friday, October 6th. Finally, Roth Capital raised shares of Ameresco from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 25th.

Ameresco Price Performance

Shares of AMRC opened at $28.94 on Friday. The company has a 50 day moving average price of $33.30 and a 200-day moving average price of $42.74. Ameresco has a fifty-two week low of $18.40 and a fifty-two week high of $68.75. The stock has a market capitalization of $1.51 billion, a PE ratio of 32.89, a PEG ratio of 1.08 and a beta of 1.53. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.15 and a current ratio of 1.17.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.07). Ameresco had a return on equity of 5.59% and a net margin of 3.69%. The business had revenue of $335.15 million during the quarter, compared to analysts’ expectations of $385.05 million. During the same period in the previous year, the company posted $0.54 EPS. Ameresco’s revenue for the quarter was down 24.1% on a year-over-year basis. Equities analysts predict that Ameresco will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO George P. Sakellaris purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $28.50 per share, with a total value of $285,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,085,000 shares in the company, valued at approximately $30,922,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ameresco news, CEO George P. Sakellaris acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $28.50 per share, for a total transaction of $285,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,085,000 shares of the company’s stock, valued at $30,922,500. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $43.54, for a total transaction of $217,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 60,000 shares of company stock valued at $1,412,700 and sold 15,507 shares valued at $665,790. Corporate insiders own 41.75% of the company’s stock.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashford Capital Management Inc. acquired a new stake in Ameresco during the third quarter valued at $7,858,000. Morgan Stanley grew its position in Ameresco by 32.2% during the third quarter. Morgan Stanley now owns 566,785 shares of the utilities provider’s stock valued at $21,855,000 after buying an additional 138,041 shares during the period. Toroso Investments LLC acquired a new stake in Ameresco during the third quarter valued at $762,000. GSA Capital Partners LLP acquired a new stake in Ameresco during the third quarter valued at $283,000. Finally, Advisors Asset Management Inc. grew its position in Ameresco by 13.0% during the third quarter. Advisors Asset Management Inc. now owns 8,326 shares of the utilities provider’s stock valued at $321,000 after buying an additional 956 shares during the period. Institutional investors and hedge funds own 61.61% of the company’s stock.

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, and internationally. The company operates through U.S. Regions, U.S. Federal, Canada, and Alternative Fuels segments. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.