Ameresco, Inc. (NYSE:AMRC) Given Average Rating of "Hold" by Brokerages

Key Points

• Ameresco, Inc. has received a consensus rating of "Hold" from analysts, with four recommending a hold and three a buy, alongside an average 12-month target price of $20.33.
• The company reported earnings per share (EPS) of $0.27 for the latest quarter, significantly exceeding the analyst estimate of $0.06, accompanied by a revenue of $472.28 million.
• Shares of Ameresco experienced a 6.6% increase, closing at $24.22, while the company maintains a market cap of $1.27 billion.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have been given a consensus rating of "Hold" by the seven ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $20.3333.

Several analysts recently weighed in on AMRC shares. Jefferies Financial Group lifted their price objective on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and lifted their target price for the company from $11.00 to $23.00 in a research note on Monday. Stifel Nicolaus dropped their price target on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Piper Sandler set a $21.00 target price on Ameresco and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Canaccord Genuity Group boosted their price target on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, May 6th.

Ameresco Stock Up 6.6%

Shares of AMRC opened at $24.2170 on Friday. The company has a market cap of $1.27 billion, a PE ratio of 20.70, a P/E/G ratio of 1.13 and a beta of 2.27. The business has a fifty day moving average of $18.20 and a 200 day moving average of $15.12. Ameresco has a 52-week low of $8.49 and a 52-week high of $39.68. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55.

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

Institutional Trading of Ameresco

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in Ameresco in the 1st quarter valued at $1,043,000. Allspring Global Investments Holdings LLC lifted its stake in Ameresco by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider's stock worth $205,000 after acquiring an additional 5,949 shares in the last quarter. Rock Point Advisors LLC lifted its stake in Ameresco by 97.7% during the 1st quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock worth $6,245,000 after acquiring an additional 255,538 shares in the last quarter. Invesco Ltd. lifted its stake in Ameresco by 29.8% during the 4th quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock worth $7,560,000 after acquiring an additional 73,928 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Ameresco in the 1st quarter valued at about $250,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

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