Ameresco’s (AMRC) “Neutral” Rating Reaffirmed at Robert W. Baird

Ameresco (NYSE:AMRCGet Free Report)‘s stock had its “neutral” rating reissued by stock analysts at Robert W. Baird in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $32.00 price objective on the utilities provider’s stock, down from their previous price objective of $36.00. Robert W. Baird’s target price suggests a potential upside of 12.56% from the company’s current price.

AMRC has been the subject of several other research reports. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. UBS Group increased their price objective on Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $34.00 to $40.00 in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.89.

Check Out Our Latest Stock Analysis on AMRC

Ameresco Stock Up 1.9%

AMRC stock opened at $28.43 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The firm has a market capitalization of $1.51 billion, a P/E ratio of 54.67, a P/E/G ratio of 2.05 and a beta of 2.62. Ameresco has a 52-week low of $18.38 and a 52-week high of $44.93. The company’s 50 day simple moving average is $25.47 and its 200-day simple moving average is $27.99.

Ameresco (NYSE:AMRCGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities research analysts anticipate that Ameresco will post 1.24 EPS for the current year.

Insider Buying and Selling

In other news, CEO George P. Sakellaris bought 1,000 shares of the stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $25.27 per share, for a total transaction of $25,270.00. Following the completion of the purchase, the chief executive officer directly owned 994,597 shares of the company’s stock, valued at $25,133,466.19. This trade represents a 0.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian C. Cox bought 39,700 shares of the company’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $25.07 per share, for a total transaction of $995,279.00. Following the completion of the transaction, 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 disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 45,700 shares of company stock worth $1,150,299. Corporate insiders own 45.10% of the company’s stock.

Hedge Funds Weigh In On Ameresco

A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in Ameresco in the first quarter valued at approximately $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ameresco by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 884 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ameresco by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock valued at $2,687,000 after purchasing an additional 42,499 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Ameresco during the 1st quarter valued at $1,187,000. Finally, Creative Planning acquired a new stake in shares of Ameresco in the 2nd quarter valued at $153,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

About Ameresco

(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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