Ameresco, Inc. (NYSE:AMRC) Receives $43.33 Consensus PT from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC) have received an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $43.3333.

AMRC has been the topic of several recent research reports. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and raised their price target for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. Robert W. Baird decreased their price objective on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. UBS Group raised their target price on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Canaccord Genuity Group raised their target price on Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 4th.

Ameresco Stock Performance

Shares of AMRC opened at $27.66 on Friday. Ameresco has a one year low of $18.38 and a one year high of $44.93. The company has a market cap of $1.46 billion, a PE ratio of 53.19, a P/E/G ratio of 1.89 and a beta of 2.62. The stock has a 50-day moving average of $25.58 and a 200-day moving average of $28.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, equities research analysts predict that Ameresco will post 1.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $36.12, for a total value of $180,600.00. Following the completion of the sale, the director owned 25,232 shares in the company, valued at $911,379.84. This represents a 16.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $479,774. The trade was a 8.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders bought 45,700 shares of company stock worth $1,150,299 and sold 26,355 shares worth $852,270. 45.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northside Capital Management LLC purchased a new stake in Ameresco in the 2nd quarter valued at about $207,000. Handelsbanken Fonder AB lifted its position in shares of Ameresco by 5.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after buying an additional 42,826 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of Ameresco by 550.8% in the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after buying an additional 2,005 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Ameresco in the 1st quarter worth approximately $3,089,000. Finally, Bank of America Corp DE grew its holdings in shares of Ameresco by 64.7% in the first quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock valued at $3,199,000 after acquiring an additional 49,279 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.