Ameresco, Inc. (NYSE:AMRC) Receives $37.70 Consensus Target Price from Brokerages

Ameresco, Inc. (NYSE:AMRC) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $37.80.

AMRC has been the subject of several analyst reports. Jefferies Financial Group set a $45.00 price objective on Ameresco and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Roth Mkm restated a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Stifel Nicolaus upped their target price on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, B. Riley increased their price objective on shares of Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, October 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in shares of Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after buying an additional 2,981,689 shares during the last quarter. First Trust Advisors LP raised its position in Ameresco by 1,832.5% in the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock worth $26,965,000 after acquiring an additional 1,683,326 shares during the period. Royce & Associates LP boosted its stake in Ameresco by 197.6% in the third 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 during the last quarter. Granahan Investment Management LLC increased its stake in shares of Ameresco by 108.4% during the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after purchasing an additional 462,875 shares during the last quarter. Finally, Handelsbanken Fonder AB raised 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 during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Price Performance

Shares of AMRC opened at $31.93 on Tuesday. The business’s fifty day moving average is $31.48 and its 200 day moving average is $29.91. Ameresco has a 12-month low of $8.49 and a 12-month high of $44.93. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.57. The stock has a market cap of $1.69 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.09 and a beta of 2.50.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 6.97%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Sell-side analysts anticipate that Ameresco will post 1.15 earnings per share for the current fiscal year.

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.