Ameresco, Inc. (NYSE:AMRC) Receives $41.89 Average Target Price from Analysts

Ameresco, Inc. (NYSE:AMRC) has been given an average rating of “Moderate Buy” by the fourteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $41.8889.

A number of research analysts have issued reports on the stock. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and increased their target price for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. Guggenheim assumed coverage on Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Jefferies Financial Group raised Ameresco to a “strong-buy” rating in a report on Thursday, September 3rd. Finally, Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Ameresco Stock Up 3.3%

Ameresco stock opened at $23.92 on Wednesday. The company has a market capitalization of $1.27 billion, a P/E ratio of 46.01, a PEG ratio of 1.73 and a beta of 2.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. Ameresco has a fifty-two week low of $18.38 and a fifty-two week high of $44.93. The stock has a 50-day simple moving average of $23.92 and a 200-day simple moving average of $26.97.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities research analysts expect that Ameresco will post 1.22 earnings per share for the current year.

Insider Transactions at Ameresco

In other Ameresco news, Director Joseph Sutton purchased 9,700 shares of Ameresco stock in a transaction on Monday, August 24th. The shares were bought at an average price of $20.87 per share, with a total value of $202,439.00. Following the completion of the acquisition, the director directly owned 80,246 shares of the company’s stock, valued at approximately $1,674,734.02. This trade represents a 13.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jennifer Miller acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of $20.96 per share, for a total transaction of $41,920.00. Following the purchase, the director owned 34,546 shares of the company’s stock, valued at approximately $724,084.16. The trade was a 6.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 75,025 shares of company stock worth $1,778,963. Corporate insiders own 45.10% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Ameresco by 10.3% in the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after purchasing an additional 43,832 shares during the period. Swedbank AB boosted its position in shares of Ameresco by 219.0% in the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after buying an additional 254,000 shares during the period. Royce & Associates LP boosted its position in shares of Ameresco by 10.7% in the fourth quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after buying an additional 102,782 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Ameresco in the second quarter valued at about $2,657,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ameresco by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after buying an additional 167,068 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Company Profile

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.