Ameresco (NYSE:AMRC)‘s stock had its “buy” rating reissued by analysts at B. Riley in a report released on Thursday, Stock Target Advisor reports. They presently have a $19.00 target price on the utilities provider’s stock. B. Riley’s price target indicates a potential upside of 16.85% from the stock’s current price.

Several other research firms have also recently issued reports on AMRC. Zacks Investment Research raised Ameresco from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, March 6th. Canaccord Genuity raised their target price on Ameresco from $16.50 to $19.50 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Roth Capital raised Ameresco from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $19.00 in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ameresco presently has an average rating of “Buy” and an average price target of $19.10.

Shares of NYSE:AMRC opened at $16.26 on Thursday. Ameresco has a 12-month low of $11.00 and a 12-month high of $18.05. The stock has a market cap of $746.26 million, a PE ratio of 20.07, a P/E/G ratio of 0.98 and a beta of 0.61. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58.

Ameresco (NYSE:AMRC) last posted its earnings results on Wednesday, March 6th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $217.40 million for the quarter, compared to analysts’ expectations of $227.53 million. Ameresco had a return on equity of 10.56% and a net margin of 4.83%. Ameresco’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. As a group, analysts anticipate that Ameresco will post 0.95 EPS for the current year.

In other Ameresco news, insider David Anderson sold 7,819 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $15.50, for a total value of $121,194.50. Following the completion of the sale, the insider now directly owns 242,181 shares in the company, valued at $3,753,805.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph W. Sutton sold 10,918 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $18.01, for a total transaction of $196,633.18. The disclosure for this sale can be found here. Insiders sold 169,063 shares of company stock worth $2,689,266 over the last three months. 57.93% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB lifted its holdings in Ameresco by 9.5% in the fourth quarter. Handelsbanken Fonder AB now owns 415,442 shares of the utilities provider’s stock worth $5,858,000 after buying an additional 36,092 shares during the period. Gagnon Securities LLC lifted its holdings in shares of Ameresco by 2.9% during the third quarter. Gagnon Securities LLC now owns 1,012,685 shares of the utilities provider’s stock valued at $13,823,000 after purchasing an additional 28,450 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ameresco by 7.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,391,598 shares of the utilities provider’s stock valued at $18,995,000 after purchasing an additional 101,884 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Ameresco by 3.9% during the third quarter. BlackRock Inc. now owns 1,008,974 shares of the utilities provider’s stock valued at $13,773,000 after purchasing an additional 38,236 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new position in shares of Ameresco during the fourth quarter valued at approximately $586,000. Institutional investors and hedge funds own 29.97% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

Further Reading: What is a put option?

Stock Target Advisor

Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.