Brokerages Set Ameresco, Inc. (NYSE:AMRC) PT at $43.42

Shares of Ameresco, Inc. (NYSE:AMRC) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $43.42.

A number of brokerages recently issued reports on AMRC. Guggenheim reiterated a “neutral” rating on shares of Ameresco in a research note on Thursday, February 29th. Truist Financial decreased their target price on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Piper Sandler decreased their price objective on shares of Ameresco from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Canaccord Genuity Group cut their target price on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Raymond James lowered their price target on Ameresco from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, April 3rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Trustees of Princeton University purchased a new position in Ameresco during the 4th quarter worth $7,170,000. Wellington Management Group LLP lifted its holdings in shares of Ameresco by 17.8% during the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock worth $45,083,000 after purchasing an additional 176,971 shares during the period. First Eagle Investment Management LLC increased its holdings in Ameresco by 32.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 284,617 shares of the utilities provider’s stock worth $10,975,000 after buying an additional 69,997 shares during the period. Boston Partners acquired a new stake in Ameresco during the 3rd quarter valued at approximately $2,143,000. Finally, Deutsche Bank AG lifted its position in Ameresco by 16.6% during the third quarter. Deutsche Bank AG now owns 17,058 shares of the utilities provider’s stock valued at $658,000 after purchasing an additional 2,426 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Trading Down 2.0 %

NYSE AMRC opened at $22.24 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. The stock’s 50-day simple moving average is $21.15 and its two-hundred day simple moving average is $24.71. Ameresco has a twelve month low of $17.55 and a twelve month high of $63.19. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 0.65 and a beta of 1.60.

Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company had revenue of $441.40 million during the quarter, compared to the consensus estimate of $399.98 million. During the same quarter in the previous year, the company posted $0.35 EPS. Ameresco’s quarterly revenue was up 33.1% compared to the same quarter last year. Research analysts forecast that Ameresco will post 1.39 EPS for the current fiscal year.

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, 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.