Cantor Fitzgerald Issues Pessimistic Forecast for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC) had its price target dropped by analysts at Cantor Fitzgerald from $44.00 to $36.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 62.68% from the company’s current price.

A number of other research analysts have also recently weighed in on AMRC. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Guggenheim began coverage on shares of Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating for the company. BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and upped their price target for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. UBS Group increased their price objective on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ameresco currently has a consensus rating of “Moderate Buy” and an average price target of $41.89.

Ameresco Price Performance

Shares of Ameresco stock opened at $22.13 on Thursday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 1.62 and a beta of 2.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a 50 day moving average price of $24.84 and a 200-day moving average price of $27.60. Ameresco has a one year low of $18.38 and a one year high of $44.93.

Ameresco (NYSE:AMRC) last released its quarterly earnings results 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 company had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same quarter in the prior year, the firm posted $0.27 EPS. Ameresco’s quarterly 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 expect that Ameresco will post 1.24 EPS for the current year.

Insider Transactions at Ameresco

In related news, Director Joseph W. Sutton bought 9,700 shares of the company’s stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $20.87 per share, for a total transaction of $202,439.00. Following the purchase, the director directly owned 80,246 shares of the company’s stock, valued at approximately $1,674,734.02. The trade was a 13.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George P. Sakellaris bought 5,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of $25.95 per share, for a total transaction of $129,750.00. Following the completion of the purchase, the chief executive officer directly owned 993,597 shares in the company, valued at approximately $25,783,842.15. This represents a 0.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 67,025 shares of company stock valued at $1,599,293. Company insiders own 45.10% of the company’s stock.

Institutional Trading of Ameresco

A number of large investors have recently modified their holdings of AMRC. Wellington Management Group LLP increased its holdings in Ameresco by 170.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after buying an additional 167,068 shares during the period. Royce & Associates LP grew its position in shares of Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after buying an additional 102,782 shares in the last quarter. First Trust Advisors LP grew its position in shares of Ameresco by 503.4% during the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after buying an additional 889,820 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Ameresco by 3,311.5% during the second quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider’s stock valued at $28,158,000 after buying an additional 990,328 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

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.