Ameresco, Inc. (NYSE:AMRC) Receives $41.89 Average Price Target from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.8889.

A number of analysts have recently issued reports on AMRC shares. Cantor Fitzgerald cut their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a report on Thursday. Guggenheim started coverage on shares of Ameresco in a report on Friday, May 22nd. They set a “neutral” rating for the company. Zacks Research cut Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Canaccord Genuity Group upped their price target on Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 4th.

Ameresco Stock Up 1.6%

NYSE AMRC opened at $23.13 on Wednesday. The company has a market cap of $1.23 billion, a P/E ratio of 44.48, a P/E/G ratio of 1.70 and a beta of 2.63. Ameresco has a one year low of $18.38 and a one year high of $44.93. The business has a fifty day moving average price of $24.07 and a 200 day moving average price of $27.14. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. Ameresco’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Research analysts anticipate that Ameresco will post 1.22 EPS for the current fiscal year.

Insider Transactions at Ameresco

In other news, CEO George Sakellaris acquired 3,000 shares of Ameresco stock in a transaction on Friday, August 28th. The stock was bought at an average price of $22.13 per share, for a total transaction of $66,390.00. Following the completion of the purchase, the chief executive officer owned 1,013,597 shares in the company, valued at $22,430,901.61. This represents a 0.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph Sutton purchased 9,700 shares of Ameresco stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of $20.87 per share, with a total value of $202,439.00. Following the transaction, the director owned 80,246 shares in the company, valued at $1,674,734.02. The trade was a 13.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 75,025 shares of company stock valued at $1,778,963 over the last quarter. Company insiders own 45.10% of the company’s stock.

Institutional Trading of Ameresco

A number of hedge funds have recently added to or reduced their stakes in AMRC. AQR Capital Management LLC purchased a new position in Ameresco in the 1st quarter valued at $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ameresco by 2.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock valued at $513,000 after buying an additional 884 shares during the period. Goldman Sachs Group Inc. raised its position in Ameresco by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after acquiring an additional 42,499 shares in the last quarter. Empowered Funds LLC purchased a new position in Ameresco in the first quarter worth $1,187,000. Finally, Creative Planning acquired a new stake in Ameresco in the second quarter valued at $153,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.