Ameresco (NYSE:AMRC) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Ameresco (NYSE:AMRC) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other equities research analysts also recently commented on AMRC. Robert W. Baird reiterated a “neutral” rating and issued a $32.00 target price (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. Cantor Fitzgerald cut their price target on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Ameresco has an average rating of “Hold” and an average price target of $41.89.

Ameresco Stock Performance

AMRC opened at $20.90 on Monday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 1.56 and a beta of 2.62. The company has a fifty day moving average of $23.17 and a 200 day moving average of $25.84. Ameresco has a fifty-two week low of $18.38 and a fifty-two week high of $44.59. 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 released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, sell-side analysts forecast that Ameresco will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Jennifer L. Miller bought 2,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of $20.96 per share, for a total transaction of $41,920.00. Following the transaction, the director owned 34,546 shares of the company’s stock, valued at $724,084.16. This represents a 6.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian C. Cox purchased 39,700 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $25.07 per share, with a total value of $995,279.00. Following the acquisition, the director owned 39,700 shares in the company, valued at $995,279. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 75,025 shares of company stock valued at $1,778,963. Corporate insiders own 45.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMRC. NorthCrest Asset Manangement LLC boosted its holdings in shares of Ameresco by 7.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider’s stock worth $288,000 after purchasing an additional 940 shares during the period. Farther Finance Advisors LLC increased its position in shares of Ameresco by 458.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,037 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Ameresco during the 2nd quarter valued at approximately $261,000. Engineers Gate Manager LP purchased a new stake in Ameresco during the 2nd quarter valued at $1,124,000. Finally, Raiffeisen Bank International AG purchased a new stake in Ameresco during the 2nd quarter valued at $2,657,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

Ameresco, Inc (NYSE:AMRC) is an energy services and renewable energy company that helps organizations improve energy efficiency, reduce operating costs and transition to lower-carbon energy sources. The company serves public- and private-sector customers, including government agencies, utilities, educational institutions, health care organizations and commercial and industrial businesses.

Ameresco’s services include energy audits, project development, engineering, construction, energy management and long-term operations and maintenance.