Brokerages Set Ameresco, Inc. (NYSE:AMRC) Target Price at $33.33

Shares of Ameresco, Inc. (NYSE:AMRC) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $33.33.

Several equities analysts have recently commented on AMRC shares. StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Robert W. Baird decreased their price target on Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday. UBS Group dropped their price objective on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Canaccord Genuity Group decreased their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus lifted their target price on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Ameresco Trading Down 10.8 %

AMRC opened at $10.52 on Friday. The stock has a market capitalization of $551.70 million, a PE ratio of 10.52, a P/E/G ratio of 0.49 and a beta of 1.79. Ameresco has a one year low of $10.40 and a one year high of $39.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The business’s 50 day moving average price is $22.06 and its 200 day moving average price is $27.51.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. As a group, equities research analysts expect that Ameresco will post 1.15 EPS for the current year.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now directly owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP boosted its position in shares of Ameresco by 124.4% during the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock worth $19,682,000 after acquiring an additional 464,737 shares in the last quarter. Wellington Management Group LLP increased its stake in Ameresco by 81.3% in the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after purchasing an additional 450,571 shares during the last quarter. DnB Asset Management AS raised its holdings in Ameresco by 59.6% during the fourth quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock worth $14,403,000 after purchasing an additional 229,128 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ameresco by 22.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after buying an additional 214,918 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Ameresco by 87.7% in the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after buying an additional 196,776 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.