Ameresco, Inc. (NYSE:AMRC) Receives $20.67 Average PT from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $20.67.

A number of analysts have weighed in on AMRC shares. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Baird R W downgraded Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Canaccord Genuity Group increased their price target on Ameresco from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. UBS Group reiterated a “sell” rating and set a $11.00 price target on shares of Ameresco in a report on Tuesday, June 3rd. Finally, Piper Sandler set a $21.00 price target on Ameresco and gave the stock an “overweight” rating in a report on Tuesday, May 6th.

Hedge Funds Weigh In On Ameresco

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Ameresco by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock valued at $74,767,000 after acquiring an additional 37,359 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Ameresco by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock valued at $27,230,000 after acquiring an additional 214,918 shares in the last quarter. Wellington Management Group LLP lifted its position in Ameresco by 12.8% in the 1st quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider’s stock valued at $13,289,000 after acquiring an additional 125,030 shares in the last quarter. Gagnon Securities LLC lifted its position in Ameresco by 69.6% in the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider’s stock valued at $11,700,000 after acquiring an additional 397,326 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock valued at $19,682,000 after acquiring an additional 464,737 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

NYSE AMRC opened at $15.84 on Monday. The company has a market capitalization of $832.25 million, a price-to-earnings ratio of 15.84, a PEG ratio of 0.49 and a beta of 2.24. Ameresco has a twelve month low of $8.49 and a twelve month high of $39.68. The stock has a fifty day simple moving average of $12.72 and a 200 day simple moving average of $17.34. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The business had revenue of $352.83 million during the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Ameresco’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) earnings per share. Sell-side analysts expect that Ameresco will post 1.15 EPS for the current year.

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.