Ameresco, Inc. (NYSE:AMRC) Receives $28.00 Average Target Price from Analysts

Ameresco, Inc. (NYSE:AMRC) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.00.

A number of equities research analysts have recently issued reports on AMRC shares. Wall Street Zen cut Ameresco from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Robert W. Baird upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $23.00 to $35.00 in a report on Tuesday, September 2nd. B. Riley increased their price target on shares of Ameresco from $22.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Baird R W raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, UBS Group raised shares of Ameresco from a “sell” rating to a “neutral” rating and upped their target price for the company from $11.00 to $23.00 in a report on Monday, August 18th.

Ameresco Trading Down 1.6%

Shares of NYSE:AMRC opened at $42.53 on Friday. The company’s 50-day moving average price is $29.54 and its two-hundred day moving average price is $19.67. Ameresco has a one year low of $8.49 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The stock has a market capitalization of $2.23 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 2.11 and a beta of 2.33.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in Ameresco in the 1st quarter valued at $40,000. Tower Research Capital LLC TRC raised its position 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 purchasing an additional 1,754 shares during the period. GAMMA Investing LLC lifted its stake in shares of Ameresco by 132.0% during the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock worth $97,000 after buying an additional 4,557 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Ameresco during the 1st quarter worth about $114,000. Finally, Advisors Asset Management Inc. grew its stake in Ameresco by 57.4% in the 1st 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 during the last quarter. 99.24% of the stock is currently owned by institutional investors.

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.