Ameresco, Inc. (NYSE:AMRC) Receives $34.00 Consensus PT from Brokerages

Shares of Ameresco, Inc. (NYSE:AMRC) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $34.00.

A number of equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. BNP Paribas downgraded Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research note on Tuesday, October 21st. BNP Paribas Exane reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Ameresco in a research report on Tuesday, October 21st. Wall Street Zen downgraded Ameresco from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Finally, Roth Capital increased their target price on Ameresco from $31.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Ameresco by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,238,322 shares of the utilities provider’s stock valued at $41,584,000 after buying an additional 5,431 shares during the last quarter. Royce & Associates LP lifted its position in Ameresco by 197.6% in the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after acquiring an additional 640,106 shares in the last quarter. Erste Asset Management GmbH boosted its stake in Ameresco by 41.2% during the 3rd quarter. Erste Asset Management GmbH now owns 154,019 shares of the utilities provider’s stock valued at $5,261,000 after purchasing an additional 44,949 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Ameresco by 91.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock worth $20,327,000 after purchasing an additional 289,381 shares in the last quarter. Finally, TIAA Trust National Association bought a new stake in shares of Ameresco in the 3rd quarter worth $296,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Price Performance

AMRC opened at $33.88 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 1.93 and a beta of 2.42. The stock has a fifty day simple moving average of $35.37 and a two-hundred day simple moving average of $23.54. Ameresco has a 12-month low of $8.49 and a 12-month high of $44.93.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, November 3rd. The utilities provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. The firm had revenue of $525.99 million for the quarter, compared to the consensus estimate of $518.41 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Research analysts predict that Ameresco will post 1.15 earnings per share 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.