Several analysts have recently updated their ratings and price targets for Ameresco (NYSE: AMRC):
- 4/22/2024 – Ameresco had its price target lowered by analysts at Truist Financial Co. from $40.00 to $37.00. They now have a “buy” rating on the stock.
- 4/17/2024 – Ameresco had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
- 4/16/2024 – Ameresco was upgraded by analysts at StockNews.com to a “sell” rating.
- 4/11/2024 – Ameresco had its price target lowered by analysts at Piper Sandler from $32.00 to $30.00. They now have an “overweight” rating on the stock.
- 4/3/2024 – Ameresco had its price target lowered by analysts at Raymond James from $40.00 to $35.00. They now have an “outperform” rating on the stock.
- 3/12/2024 – Ameresco was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating. They now have a $34.00 price target on the stock.
- 3/5/2024 – Ameresco had its price target lowered by analysts at Piper Sandler from $42.00 to $32.00. They now have an “overweight” rating on the stock.
- 2/29/2024 – Ameresco had its “neutral” rating reaffirmed by analysts at Guggenheim.
- 2/29/2024 – Ameresco had its price target lowered by analysts at Canaccord Genuity Group Inc. from $50.00 to $36.00. They now have a “buy” rating on the stock.
Ameresco Stock Up 1.9 %
Shares of AMRC stock traded up $0.40 during trading hours on Wednesday, reaching $21.29. 437,634 shares of the company’s stock were exchanged, compared to its average volume of 540,890. The stock’s 50 day moving average is $21.22 and its 200-day moving average is $25.54. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 0.55 and a beta of 1.56. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26. Ameresco, Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $63.19.
Ameresco (NYSE:AMRC – Get Free Report) last released its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The firm had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. During the same period in the prior year, the firm earned $0.35 EPS. The firm’s revenue was up 33.1% on a year-over-year basis. Analysts predict that Ameresco, Inc. will post 1.39 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Ameresco
Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.
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