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

Ameresco, Inc. (NYSE:AMRC) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $37.80.

A number of equities analysts have commented on the stock. Roth Mkm reissued 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 company a “buy” rating in a research report on Friday, November 14th. B. Riley lifted their price target on Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Cantor Fitzgerald started coverage on Ameresco in a research note on Friday. They set an “overweight” rating and a $41.00 price objective on the stock. Finally, UBS Group upped their price objective on Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd.

Ameresco Stock Performance

NYSE:AMRC opened at $32.51 on Tuesday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.09 and a beta of 2.50. Ameresco has a 1 year low of $8.49 and a 1 year high of $44.93. The stock’s 50 day simple moving average is $31.46 and its two-hundred day simple moving average is $29.71. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. Ameresco had a return on equity of 6.97% and a net margin of 3.34%.The firm had revenue of $525.99 million during the quarter, compared to the consensus estimate of $518.41 million. During the same period in the prior year, the company earned $0.33 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts anticipate that Ameresco will post 1.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after acquiring an additional 2,981,689 shares during the period. First Trust Advisors LP grew its holdings in Ameresco by 1,832.5% during the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after purchasing an additional 1,683,326 shares during the last quarter. Royce & Associates LP raised 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 worth $32,371,000 after purchasing an additional 640,106 shares during the period. Granahan Investment Management LLC lifted its stake in Ameresco by 108.4% in the third 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 lifted its stake in Ameresco by 91.6% in the third 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 last quarter. Institutional investors own 99.24% of the company’s stock.

About Ameresco

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.