Ameresco, Inc. (NYSE:AMRC) Receives $41.89 Consensus Target Price from Brokerages

Ameresco, Inc. (NYSE:AMRC) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $41.8889.

Several research analysts recently commented on AMRC shares. Canaccord Genuity Group raised their price target on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Robert W. Baird reissued a “neutral” rating and issued a $32.00 target price (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th.

Ameresco Stock Performance

Ameresco stock opened at $23.13 on Wednesday. The stock’s 50-day moving average is $24.07 and its 200-day moving average is $27.10. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 1.73 and a beta of 2.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. Ameresco has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities analysts anticipate that Ameresco will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Joseph W. Sutton bought 9,700 shares of the stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of $20.87 per share, for a total transaction of $202,439.00. Following the completion of the purchase, the director owned 80,246 shares in the company, valued at $1,674,734.02. This represents a 13.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George P. Sakellaris bought 5,000 shares of the stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $20.91 per share, with a total value of $104,550.00. Following the purchase, the chief executive officer owned 1,000,597 shares of the company’s stock, valued at approximately $20,922,483.27. This represents a 0.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 75,025 shares of company stock valued at $1,778,963. 45.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in Ameresco in the fourth quarter valued at approximately $27,000. Fifth Third Bancorp acquired a new position in shares of Ameresco during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Ameresco during the fourth quarter worth $48,000. Tower Research Capital LLC TRC boosted its stake in shares of 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. Finally, Summit Securities Group LLC purchased a new position in shares of Ameresco in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.