Ameresco, Inc. (NYSE:AMRC) Stock Has Average Target Price of $41.89

Ameresco, Inc. (NYSE:AMRC – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $41.89.

AMRC has been the subject of a number of research analyst reports. Cantor Fitzgerald decreased their target price on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. UBS Group boosted their price target on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Finally, Oppenheimer restated a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th.

Read Our Latest Stock Analysis on AMRC

Insiders Place Their Bets

In other Ameresco news, Director Brian C. Cox purchased 39,700 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $25.07 per share, for a total transaction of $995,279.00. Following the purchase, the director owned 39,700 shares in the company, valued at approximately $995,279. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph W. Sutton purchased 9,700 shares of the business’s stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $20.87 per share, with a total value of $202,439.00. Following the acquisition, the director directly owned 80,246 shares in the company, valued at approximately $1,674,734.02. The trade was a 13.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 75,025 shares of company stock valued at $1,778,963. 45.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc grew its stake in Ameresco by 10.3% in the 4th quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after buying an additional 43,832 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Ameresco during the second quarter worth approximately $2,657,000. Dimensional Fund Advisors LP lifted its position in Ameresco by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after acquiring an additional 167,068 shares during the last quarter. Swedbank AB lifted its position in Ameresco by 74.3% during the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after acquiring an additional 275,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Ameresco by 64.7% during the first quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after acquiring an additional 49,279 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Up 3.7%

NYSE AMRC opened at $21.06 on Friday. Ameresco has a 52 week low of $18.38 and a 52 week high of $44.93. The stock has a fifty day moving average of $23.30 and a 200-day moving average of $26.22. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a market capitalization of $1.12 billion, a P/E ratio of 40.51, a price-to-earnings-growth ratio of 1.51 and a beta of 2.63.

Ameresco (NYSE:AMRC – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $515.46 million during 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 revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, equities research analysts forecast that Ameresco will post 1.22 EPS for the current year.

About Ameresco

(Get Free Report)

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.

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Analyst Recommendations for Ameresco (NYSE:AMRC)

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