Ameresco (NYSE:AMRC) Upgraded by Wall Street Zen to Hold Rating

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

A number of other brokerages also recently issued reports on AMRC. Jefferies Financial Group upgraded shares of Ameresco from a “hold” rating to a “buy” rating and lifted their price target for the stock from $19.00 to $39.00 in a research note on Thursday, September 25th. Robert W. Baird upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $23.00 to $35.00 in a research report on Tuesday, September 2nd. B. Riley boosted their price objective on shares of Ameresco from $22.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. UBS Group upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Ameresco in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Ameresco Stock Down 6.5%

Shares of Ameresco stock opened at $39.82 on Friday. Ameresco has a 52-week low of $8.49 and a 52-week high of $44.93. The company has a 50 day moving average of $29.94 and a 200 day moving average of $19.91. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $2.09 billion, a P/E ratio of 34.03, a P/E/G ratio of 1.95 and a beta of 2.33.

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. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The company had revenue of $472.28 million during the quarter, compared to the consensus estimate of $415.30 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’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. As a group, research analysts forecast that Ameresco will post 1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently modified their holdings of AMRC. Headlands Technologies LLC acquired a new position in shares of Ameresco in the 1st quarter valued at $40,000. Tower Research Capital LLC TRC increased its stake in Ameresco by 99.4% in the 2nd 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 during the period. GAMMA Investing LLC increased its stake in Ameresco by 132.0% in the 1st 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 during the period. AlphaQuest LLC acquired a new position in Ameresco in the 1st quarter valued at $114,000. Finally, Advisors Asset Management Inc. increased 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 period. 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.