Brokerages Set Ameresco, Inc. (NYSE:AMRC) Price Target at $43.42

Shares of Ameresco, Inc. (NYSE:AMRC) have been assigned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $43.42.

Several brokerages have recently commented on AMRC. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Wednesday, April 17th. Truist Financial lowered their target price on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. B. Riley lowered their price objective on shares of Ameresco from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Canaccord Genuity Group reduced their target price on Ameresco from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Finally, Piper Sandler dropped their price target on Ameresco from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Ameresco during the 4th quarter worth about $62,000. Cetera Trust Company N.A acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $106,000. Dynamic Advisor Solutions LLC boosted its stake in shares of Ameresco by 24.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 1,712 shares during the period. Quantbot Technologies LP bought a new stake in Ameresco in the 3rd quarter valued at $295,000. Finally, Victory Capital Management Inc. lifted its holdings in Ameresco by 8.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 752 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Down 2.0 %

Ameresco stock opened at $22.24 on Friday. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $63.19. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 0.65 and a beta of 1.60. The firm has a fifty day moving average price of $21.15 and a two-hundred day moving average price of $24.71.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.09. The business had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. Ameresco’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share. As a group, analysts forecast that Ameresco will post 1.39 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.