Ameresco, Inc. (NYSE:AMRC) Receives $36.00 Consensus Price Target from Brokerages

Ameresco, Inc. (NYSE:AMRC) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $37.70.

A number of equities analysts recently issued reports on the stock. BNP Paribas Exane reissued a “neutral” rating and issued a $40.00 price target on shares of Ameresco in a research note on Tuesday, October 21st. Stifel Nicolaus upped their target price on Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 14th. BNP Paribas lowered Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Tuesday, October 21st. Robert W. Baird upgraded Ameresco from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $23.00 to $35.00 in a research report on Tuesday, September 2nd. Finally, UBS Group upped their price target on Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Penn Capital Management Company LLC bought a new stake in Ameresco during the third quarter worth about $670,000. CIBC Bancorp USA Inc. purchased a new position in shares of Ameresco during the third quarter valued at approximately $216,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Ameresco by 52.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 20,119 shares of the utilities provider’s stock worth $687,000 after purchasing an additional 6,904 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Ameresco in the 3rd quarter worth approximately $2,753,000. Finally, Wexford Capital LP purchased a new stake in shares of Ameresco in the 3rd quarter worth approximately $256,000. 99.24% of the stock is currently owned by institutional investors.

Ameresco Stock Performance

Shares of AMRC stock opened at $35.01 on Monday. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.69 and a beta of 2.51. The stock has a fifty day moving average of $36.70 and a 200 day moving average of $25.65. Ameresco has a 52 week low of $8.49 and a 52 week high of $44.93. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.57.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share (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 business had revenue of $525.99 million for the quarter, compared to the consensus estimate of $518.41 million. During the same period in the previous year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, research analysts expect that Ameresco will post 1.15 earnings per share for the current year.

Ameresco Company Profile

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.