Analysts Set Ameresco, Inc. (NYSE:AMRC) Price Target at $37.70

Shares of Ameresco, Inc. (NYSE:AMRC) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $37.70.

Several research firms have issued reports on AMRC. Jefferies Financial Group set a $45.00 price target on shares of Ameresco and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Ameresco in a report on Monday, December 22nd. UBS Group boosted their target price on Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Roth Capital reiterated a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Finally, B. Riley boosted their price target on shares of Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a report on Friday, October 31st.

Institutional Trading of Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of AMRC. Wellington Management Group LLP grew its holdings in shares of Ameresco by 170.0% during 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 buying an additional 2,981,689 shares in the last quarter. First Trust Advisors LP boosted its position 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 worth $26,965,000 after acquiring an additional 1,683,326 shares during the period. Royce & Associates LP grew its stake in Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after acquiring an additional 640,106 shares in the last quarter. Granahan Investment Management LLC increased its holdings in shares of Ameresco by 108.4% in the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock valued at $29,889,000 after purchasing an additional 462,875 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Price Performance

NYSE:AMRC opened at $30.22 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.57. The business’s 50-day moving average price is $34.18 and its 200 day moving average price is $27.68. Ameresco has a 52-week low of $8.49 and a 52-week high of $44.93. The firm has a market cap of $1.60 billion, a P/E ratio of 25.39, a PEG ratio of 1.46 and a beta of 2.51.

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

Ameresco Company Profile

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.