Ameresco, Inc. (NYSE:AMRC) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Averaging a rating of "Moderate Buy", analysts have provided varying recommendations for Ameresco, Inc., with six analysts issuing buy ratings and only one strong buy rating.
• The company's shares opened at $38.24, reflecting a 3.3% decline recently, with a fifty-two week high of $40.88 and a low of $8.49.
• Ameresco topped earnings expectations with a reported $0.27 EPS for the last quarter, significantly exceeding the consensus estimate of $0.06, while its revenue grew by 7.8% year-over-year.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $28.00.

A number of analysts have recently commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Ameresco in a research note on Wednesday. Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Jefferies Financial Group upgraded Ameresco from a "hold" rating to a "buy" rating and upped their target price for the stock from $19.00 to $39.00 in a research note on Thursday, September 25th. B. Riley upped their price target on Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, UBS Group raised Ameresco from a "sell" rating to a "neutral" rating and upped their price target for the stock from $11.00 to $23.00 in a report on Monday, August 18th.

Hedge Funds Weigh In On Ameresco

A number of large investors have recently bought and sold shares of the business. First Trust Advisors LP raised its holdings in Ameresco by 1,832.5% in the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider's stock worth $26,965,000 after purchasing an additional 1,683,326 shares during the period. DNB Asset Management AS raised its holdings in Ameresco by 3.8% in the 2nd quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider's stock worth $18,072,000 after purchasing an additional 43,411 shares during the period. Wellington Management Group LLP raised its holdings in shares of Ameresco by 12.8% during the first quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider's stock valued at $13,289,000 after acquiring an additional 125,030 shares during the last quarter. Gagnon Securities LLC raised its holdings in shares of Ameresco by 69.6% during the first quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock valued at $11,700,000 after acquiring an additional 397,326 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Ameresco by 33.1% during the second quarter. First Eagle Investment Management LLC now owns 753,807 shares of the utilities provider's stock valued at $11,450,000 after acquiring an additional 187,380 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Stock Down 3.3%

Ameresco stock opened at $38.24 on Friday. Ameresco has a fifty-two week low of $8.49 and a fifty-two week high of $40.88. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. The company has a market cap of $2.01 billion, a PE ratio of 32.68, a PEG ratio of 1.86 and a beta of 2.33. The business's 50-day simple moving average is $27.81 and its two-hundred day simple moving average is $18.89.

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

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