Ameresco, Inc. (NYSE:AMRC) Receives Average Rating of “Hold” from Brokerages

Ameresco, Inc. (NYSE:AMRC) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $20.67.

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Robert W. Baird reaffirmed a “neutral” rating and set a $13.00 price objective (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Baird R W downgraded shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Piper Sandler set a $21.00 price objective on shares of Ameresco and gave the company an “overweight” rating in a report on Tuesday, May 6th. Finally, Canaccord Genuity Group upped their price target on Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Ameresco in the first quarter worth approximately $40,000. GAMMA Investing LLC grew its holdings in shares of Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock worth $97,000 after purchasing an additional 4,557 shares during the last quarter. AlphaQuest LLC bought a new position in shares of Ameresco in the first quarter worth approximately $114,000. Advisors Asset Management Inc. grew its holdings in shares of Ameresco by 57.4% in the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 3,554 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Ameresco in the first quarter worth approximately $121,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Trading Up 3.3%

Shares of AMRC stock opened at $16.81 on Friday. The stock’s fifty day simple moving average is $14.31 and its 200 day simple moving average is $16.24. Ameresco has a twelve month low of $8.49 and a twelve month high of $39.68. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $883.20 million, a P/E ratio of 16.48, a P/E/G ratio of 0.77 and a beta of 2.22.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. Ameresco had a net margin of 2.97% and a return on equity of 6.32%. The business had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. During the same period last year, the company earned ($0.10) EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts predict that Ameresco will post 1.15 EPS for the current fiscal year.

Ameresco Company Profile

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.