Ameresco, Inc. (NYSE:AMRC) Receives $20.33 Average PT from Brokerages

Ameresco, Inc. (NYSE:AMRC) has received an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $20.3333.

A number of equities analysts have commented on AMRC shares. Jefferies Financial Group lifted their price objective on shares of Ameresco from $11.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. UBS Group raised shares of Ameresco from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $23.00 in a report on Monday, August 18th. Stifel Nicolaus decreased their price objective on shares of Ameresco from $18.00 to $17.00 and set a “buy” rating for the company in a report on Monday, May 12th. Canaccord Genuity Group boosted their price target on shares of Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, July 12th.

Ameresco Stock Performance

Ameresco stock opened at $24.61 on Friday. The company has a market cap of $1.29 billion, a PE ratio of 21.03, a P/E/G ratio of 1.25 and a beta of 2.27. The company has a fifty day moving average price of $18.72 and a two-hundred day moving average price of $15.21. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. Ameresco has a 12 month low of $8.49 and a 12 month high of $39.68.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $472.28 million during the quarter, compared to the consensus estimate of $415.30 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Research analysts expect that Ameresco will post 1.15 earnings per share for the current year.

Hedge Funds Weigh In On Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of AMRC. First Trust Advisors LP lifted its holdings in Ameresco by 1,832.5% in 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. DNB Asset Management AS lifted its holdings in Ameresco by 3.8% in the second quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock worth $18,072,000 after purchasing an additional 43,411 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after purchasing an additional 214,918 shares during the period. Wellington Management Group LLP lifted its holdings in Ameresco by 12.8% in the first quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider’s stock worth $13,289,000 after purchasing an additional 125,030 shares during the period. Finally, Gagnon Securities LLC lifted its holdings in Ameresco by 69.6% in 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. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.