Brokerages Set Ameresco, Inc. (NYSE:AMRC) PT at $20.67

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have received an average rating of "Hold" from the seven research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.67.

A number of equities research analysts have commented on AMRC shares. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. UBS Group restated a "sell" rating and set a $11.00 target price on shares of Ameresco in a research note on Tuesday, June 3rd. Wall Street Zen upgraded shares of Ameresco from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Canaccord Genuity Group raised their target price on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Robert W. Baird restated a "neutral" rating and set a $13.00 target price (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th.

Ameresco Stock Performance

Shares of NYSE:AMRC traded down $0.73 during trading on Friday, hitting $16.08. The company's stock had a trading volume of 401,543 shares, compared to its average volume of 507,921. The company has a 50-day moving average of $14.54 and a 200-day moving average of $16.06. Ameresco has a 12 month low of $8.49 and a 12 month high of $39.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a market cap of $844.86 million, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.80 and a beta of 2.22.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.15. Ameresco had a net margin of 2.97% and a return on equity of 6.32%. The firm had revenue of $352.83 million for the quarter, compared to analysts' expectations of $323.71 million. During the same quarter in the prior year, the business earned ($0.10) EPS. The business's quarterly revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts expect that Ameresco will post 1.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Ameresco by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock worth $74,767,000 after buying an additional 37,359 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ameresco by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock worth $27,230,000 after buying an additional 214,918 shares during the period. Wellington Management Group LLP boosted its stake in Ameresco by 12.8% during the first quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider's stock worth $13,289,000 after buying an additional 125,030 shares during the period. Gagnon Securities LLC boosted its stake in Ameresco by 69.6% during the first quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock worth $11,700,000 after buying an additional 397,326 shares during the period. Finally, First Trust Advisors LP boosted its stake in Ameresco by 124.4% during the fourth quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after buying an additional 464,737 shares during the period. 99.24% of the stock is owned by hedge funds and other institutional investors.

About Ameresco

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.