Ameresco (NYSE:AMRC) Price Target Raised to $32.00

Ameresco (NYSE:AMRCFree Report) had its price objective hoisted by UBS Group from $28.00 to $32.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the utilities provider’s stock.

Several other research analysts have also commented on AMRC. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research report on Tuesday. 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 report on Tuesday. Canaccord Genuity Group increased their target price on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research upgraded Ameresco from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Robert W. Baird dropped their target price on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Check Out Our Latest Report on AMRC

Ameresco Trading Up 0.8%

NYSE AMRC opened at $25.76 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.48. The stock has a market capitalization of $1.36 billion, a P/E ratio of 49.54, a PEG ratio of 1.87 and a beta of 2.62. The firm’s 50-day moving average is $26.07 and its two-hundred day moving average is $28.24. Ameresco has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRCGet Free Report) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The business had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. During the same period last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, sell-side analysts anticipate that Ameresco will post 1.24 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jennifer L. Miller sold 10,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of Ameresco stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $36.12, for a total value of $180,600.00. Following the transaction, the director owned 25,232 shares in the company, valued at $911,379.84. This trade represents a 16.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 26,355 shares of company stock valued at $852,270. 45.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. State of Wyoming bought a new position in shares of Ameresco during the fourth quarter worth about $27,000. Fifth Third Bancorp acquired a new position in Ameresco during the 1st quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Ameresco during the 4th quarter worth approximately $48,000. Tower Research Capital LLC TRC grew its stake in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $55,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ameresco (NYSE:AMRC)

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