Ameresco’s (AMRC) “Market Perform” Rating Reiterated at Oppenheimer

Oppenheimer restated their market perform rating on shares of Ameresco (NYSE:AMRC) in a research report released on Wednesday, Benzinga reports.

Several other research analysts also recently weighed in on AMRC. Piper Sandler dropped their target price on Ameresco from $32.00 to $30.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. StockNews.com upgraded Ameresco to a sell rating in a research note on Tuesday. Canaccord Genuity Group dropped their target price on Ameresco from $50.00 to $36.00 and set a buy rating on the stock in a research note on Thursday, February 29th. Raymond James dropped their target price on Ameresco from $40.00 to $35.00 and set an outperform rating on the stock in a research note on Wednesday, April 3rd. Finally, BNP Paribas upgraded Ameresco from a neutral rating to an outperform rating and set a $34.00 target price on the stock in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $45.33.

Ameresco Trading Up 1.6 %

Shares of NYSE:AMRC opened at $18.85 on Wednesday. Ameresco has a 12-month low of $17.55 and a 12-month high of $63.19. The business’s fifty day simple moving average is $21.36 and its 200-day simple moving average is $25.85. The company has a market capitalization of $985.48 million, a PE ratio of 15.97, a P/E/G ratio of 0.54 and a beta of 1.56. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. During the same period last year, the business posted $0.35 EPS. The business’s revenue was up 33.1% compared to the same quarter last year. As a group, equities research analysts predict that Ameresco will post 1.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ameresco

Several institutional investors and hedge funds have recently modified their holdings of the stock. ARGA Investment Management LP acquired a new position in shares of Ameresco in the 1st quarter valued at about $717,000. Bridge City Capital LLC lifted its holdings in shares of Ameresco by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock valued at $1,927,000 after buying an additional 622 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ameresco by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,109,535 shares of the utilities provider’s stock valued at $98,479,000 after buying an additional 41,199 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Ameresco by 11.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,056 shares of the utilities provider’s stock valued at $636,000 after buying an additional 2,008 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Ameresco by 16.4% in the 4th quarter. Legal & General Group Plc now owns 164,812 shares of the utilities provider’s stock valued at $5,220,000 after buying an additional 23,201 shares during the period. Institutional investors and hedge funds own 99.24% 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, 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.