Ameresco’s (AMRC) Neutral Rating Reaffirmed at BNP Paribas Exane

BNP Paribas Exane reaffirmed their neutral rating on shares of Ameresco (NYSE:AMRC) in a research note issued to investors on Tuesday, Marketbeat.com reports. BNP Paribas Exane currently has a $40.00 price objective on the utilities provider’s stock.

A number of other research firms have also recently weighed in on AMRC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ameresco in a report on Wednesday, October 8th. UBS Group raised Ameresco from a “sell” rating to a “neutral” rating and raised their price target for the company from $11.00 to $23.00 in a report on Monday, August 18th. Jefferies Financial Group raised Ameresco from a “hold” rating to a “buy” rating and raised their price target for the company from $19.00 to $39.00 in a report on Thursday, September 25th. Robert W. Baird raised Ameresco from a “neutral” rating to an “outperform” rating and raised their price target for the company from $23.00 to $35.00 in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.67.

Ameresco Price Performance

Ameresco stock opened at $38.14 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The company has a market capitalization of $2.00 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.98 and a beta of 2.33. Ameresco has a one year low of $8.49 and a one year high of $44.93. The business has a 50 day simple moving average of $30.73 and a 200 day simple moving average of $20.31.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The business had revenue of $472.28 million during the quarter, compared to the consensus estimate of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.Ameresco’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, sell-side analysts forecast that Ameresco will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameresco

A number of institutional investors have recently made changes to their positions in AMRC. First Trust Advisors LP grew its stake in shares of Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock worth $26,965,000 after purchasing an additional 1,683,326 shares during the period. Bandera Partners LLC grew its stake in shares of Ameresco by 125.2% during the first quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider’s stock worth $8,871,000 after purchasing an additional 408,257 shares during the period. Granahan Investment Management LLC grew its stake in shares of Ameresco by 3,822.9% during the first quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider’s stock worth $5,031,000 after purchasing an additional 405,879 shares during the period. Gagnon Securities LLC grew its stake in shares of Ameresco by 69.6% during the first quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider’s stock worth $11,700,000 after purchasing an additional 397,326 shares during the period. Finally, CenterBook Partners LP acquired a new stake in shares of Ameresco during the first quarter worth $3,850,000. 99.24% of the stock is owned by institutional investors and hedge funds.

About 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.