Ameresco, Inc. (NYSE:AMRC) Receives $37.70 Average Price Target from Analysts

Ameresco, Inc. (NYSE:AMRC) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $37.4444.

A number of analysts have issued reports on AMRC shares. UBS Group boosted their target price on Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Roth Mkm reaffirmed a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Jefferies Financial Group set a $45.00 target price on Ameresco and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Ameresco in a report on Monday, December 29th. Finally, B. Riley boosted their price target on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 31st.

Ameresco Stock Up 2.7%

Shares of NYSE:AMRC opened at $32.77 on Tuesday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 1.07 and a beta of 2.50. Ameresco has a 12-month low of $8.49 and a 12-month high of $44.93. The business has a 50-day moving average price of $31.46 and a 200 day moving average price of $29.51. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.57.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. Ameresco had a net margin of 3.34% and a return on equity of 6.97%. The company had revenue of $525.99 million for the quarter, compared to analysts’ expectations of $518.41 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Ameresco’s revenue for the quarter was up 5.0% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Sell-side analysts expect that Ameresco will post 1.15 EPS for the current year.

Institutional Investors Weigh In On Ameresco

A number of hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new position in shares of Ameresco in the third quarter worth $50,000. Tower Research Capital LLC TRC boosted its holdings in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,754 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Ameresco in the third quarter valued at $76,000. Nkcfo LLC acquired a new position in Ameresco during the 3rd quarter worth $107,000. Finally, Cetera Trust Company N.A increased its holdings in Ameresco by 35.5% during the 2nd quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 2,415 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.