Ameresco, Inc. (NYSE:AMRC) Receives $43.33 Consensus Target Price from Analysts

Ameresco, Inc. (NYSE:AMRC) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.3333.

AMRC has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their target price on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Zacks Research raised Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th.

Ameresco Stock Up 0.3%

Shares of AMRC stock opened at $27.87 on Friday. Ameresco has a 12 month low of $18.38 and a 12 month high of $44.93. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The firm has a market cap of $1.48 billion, a PE ratio of 53.60, a price-to-earnings-growth ratio of 2.01 and a beta of 2.62. The stock has a 50 day moving average of $25.46 and a 200-day moving average of $28.05.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. Ameresco’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, equities analysts predict that Ameresco will post 1.26 EPS for the current year.

Insider Transactions at Ameresco

In other Ameresco news, Director Brian C. Cox purchased 39,700 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $25.07 per share, for a total transaction of $995,279.00. Following the completion of the purchase, the director directly owned 39,700 shares of the company’s stock, valued at approximately $995,279. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer L. Miller sold 10,000 shares of Ameresco stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the sale, the director owned 22,111 shares in the company, valued at $713,521.97. This represents a 31.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders bought 45,700 shares of company stock valued at $1,150,299 and sold 25,000 shares valued at $806,200. 45.10% of the stock is owned by company insiders.

Institutional Trading of Ameresco

Institutional investors have recently made changes to their positions in the business. Northside Capital Management LLC acquired a new position in Ameresco during the second quarter worth $207,000. Handelsbanken Fonder AB boosted its stake in shares of Ameresco by 5.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock valued at $23,680,000 after purchasing an additional 42,826 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of Ameresco by 550.8% in the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 2,005 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Ameresco in the 1st quarter valued at $3,089,000. Finally, Bank of America Corp DE grew its holdings in shares of Ameresco by 64.7% in the 1st quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after purchasing an additional 49,279 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.