Shares of Ameresco Inc (NYSE:AMRC) have earned an average recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $18.50.

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, February 6th. Roth Capital raised Ameresco from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.00 to $19.00 in a research note on Monday, March 4th. B. Riley reissued a “buy” rating and issued a $19.00 price objective on shares of Ameresco in a research note on Thursday, March 14th. Finally, Canaccord Genuity increased their price objective on Ameresco from $16.50 to $19.50 and gave the company a “buy” rating in a research note on Thursday, March 7th.

NYSE:AMRC opened at $16.44 on Friday. The stock has a market capitalization of $757.68 million, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.13 and a beta of 0.60. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.58. Ameresco has a 1-year low of $11.00 and a 1-year high of $18.05.

Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, March 6th. The utilities provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The firm had revenue of $217.40 million for the quarter, compared to the consensus estimate of $227.53 million. Ameresco had a net margin of 4.83% and a return on equity of 10.56%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, analysts forecast that Ameresco will post 0.84 EPS for the current fiscal year.

In other news, insider David Anderson sold 7,819 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $15.50, for a total transaction of $121,194.50. Following the completion of the transaction, the insider now directly owns 242,181 shares in the company, valued at approximately $3,753,805.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael T. Bakas sold 37,229 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $15.24, for a total value of $567,369.96. Following the transaction, the insider now owns 82,515 shares of the company’s stock, valued at $1,257,528.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,955 shares of company stock valued at $2,522,238. 57.93% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Ameresco by 3.9% during the 3rd quarter. BlackRock Inc. now owns 1,008,974 shares of the utilities provider’s stock worth $13,773,000 after acquiring an additional 38,236 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ameresco by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,391,598 shares of the utilities provider’s stock valued at $18,995,000 after purchasing an additional 101,884 shares in the last quarter. Citadel Advisors LLC raised its position in Ameresco by 100.4% in the 3rd quarter. Citadel Advisors LLC now owns 22,514 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 11,277 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Ameresco in the 4th quarter valued at about $25,000. Finally, Nachman Norwood & Parrott Inc acquired a new stake in Ameresco in the 4th quarter valued at about $180,000. Institutional investors and hedge funds own 29.82% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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