Ameresco (NYSE:AMRC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ameresco (NYSE:AMRC) from a sell rating to a hold rating in a report issued on Saturday.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group raised their target price on Ameresco from $11.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, July 23rd. B. Riley raised their target price on Ameresco from $22.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Robert W. Baird upgraded Ameresco from a “neutral” rating to an “outperform” rating and raised their target price for the company from $23.00 to $35.00 in a research report on Tuesday, September 2nd. Baird R W upgraded Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, UBS Group upgraded Ameresco from a “sell” rating to a “neutral” rating and raised their target price for the company from $11.00 to $23.00 in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.14.

Ameresco Stock Performance

Shares of AMRC stock opened at $32.31 on Friday. The company has a market capitalization of $1.70 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.54 and a beta of 2.25. The business’s 50 day moving average is $22.74 and its two-hundred day moving average is $16.55. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. Ameresco has a 12-month low of $8.49 and a 12-month high of $39.68.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $472.28 million for the quarter, compared to the consensus estimate of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.Ameresco’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Analysts expect that Ameresco will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameresco

A number of institutional investors have recently modified their holdings of AMRC. Headlands Technologies LLC acquired a new stake in shares of Ameresco in the first quarter valued at $40,000. Tower Research Capital LLC TRC grew its stake in shares of Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock valued at $97,000 after buying an additional 4,557 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Ameresco in the first quarter valued at $114,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Ameresco by 57.4% in the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock valued at $118,000 after buying an additional 3,554 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

About Ameresco

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.