Ameresco, Inc. (NYSE:AMRC) Stock Rated “Moderate Buy” by Sell-Side Analysts

Ameresco, Inc. (NYSE:AMRC) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.89.

Several research analysts have recently issued reports on the stock. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. UBS Group raised their price target on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald reduced their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. Canaccord Genuity Group boosted their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $20.97 on Friday. The business has a fifty day moving average price of $23.20 and a 200-day moving average price of $26.16. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The company has a market capitalization of $1.11 billion, a PE ratio of 40.33, a PEG ratio of 1.54 and a beta of 2.62. Ameresco has a 1-year low of $18.38 and a 1-year high of $44.93.

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 analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter in the previous year, the business posted $0.27 EPS. Ameresco’s revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities analysts expect that Ameresco will post 1.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ameresco news, Director Brian C. Cox acquired 4,625 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average cost of $21.64 per share, with a total value of $100,085.00. Following the completion of the transaction, the director directly owned 44,325 shares of the company’s stock, valued at approximately $959,193. This represents a 11.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer L. Miller acquired 2,000 shares of Ameresco stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of $20.96 per share, with a total value of $41,920.00. Following the completion of the acquisition, the director directly owned 34,546 shares in the company, valued at $724,084.16. This represents a 6.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 75,025 shares of company stock worth $1,778,963 in the last 90 days. 45.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ameresco

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Ameresco by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after acquiring an additional 167,068 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of Ameresco by 5.3% during the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock valued at $23,680,000 after purchasing an additional 42,826 shares during the last quarter. Swedbank AB lifted its position in Ameresco by 74.3% during the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock valued at $16,448,000 after purchasing an additional 275,000 shares during the period. Legal & General Group Plc boosted its holdings in Ameresco by 10.3% in the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock worth $13,695,000 after purchasing an additional 43,832 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Ameresco by 8.5% in the 1st quarter. Empowered Funds LLC now owns 225,628 shares of the utilities provider’s stock worth $5,754,000 after purchasing an additional 17,696 shares during the period. Institutional investors own 99.24% of the company’s stock.

About Ameresco

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.