Ameresco, Inc. (NYSE:AMRC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $40.42.

Several research analysts have recently weighed in on the stock. B. Riley dropped their target price on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Guggenheim reissued a “neutral” rating on shares of Ameresco in a research report on Thursday, February 29th. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research report on Wednesday, April 17th. BNP Paribas raised shares of Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research report on Tuesday, March 12th. Finally, Robert W. Baird boosted their price objective on shares of Ameresco from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday.

Institutional Trading of Ameresco

A number of institutional investors and hedge funds have recently modified their holdings of AMRC. Vanguard Group Inc. increased its position in Ameresco by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 3,109,535 shares of the utilities provider’s stock worth $98,479,000 after acquiring an additional 41,199 shares during the period. Wellington Management Group LLP increased its position in Ameresco by 17.8% during the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock worth $45,083,000 after acquiring an additional 176,971 shares during the period. Dimensional Fund Advisors LP increased its position in Ameresco by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 912,198 shares of the utilities provider’s stock worth $28,890,000 after acquiring an additional 110,204 shares during the period. First Trust Advisors LP increased its position in Ameresco by 59.9% during the fourth quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after acquiring an additional 297,236 shares during the period. Finally, BNP Paribas Asset Management Holding S.A. bought a new position in Ameresco during the fourth quarter worth $22,650,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Performance

Shares of AMRC opened at $27.95 on Friday. The firm’s 50 day moving average is $21.42 and its 200-day moving average is $24.75. The stock has a market capitalization of $1.46 billion, a P/E ratio of 23.69, a P/E/G ratio of 0.65 and a beta of 1.60. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24. Ameresco has a 12-month low of $17.55 and a 12-month high of $63.19.

Ameresco (NYSE:AMRC) last released its earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. The business had revenue of $298.41 million for the quarter, compared to the consensus estimate of $255.38 million. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. Equities research analysts anticipate that Ameresco will post 1.39 EPS for the current fiscal 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.