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

Ameresco, Inc. (NYSE:AMRC - Get Free Report) has been given an average rating of "Moderate Buy" by the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $20.67.

AMRC has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price target on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Robert W. Baird reissued a "neutral" rating and set a $13.00 price target (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Piper Sandler set a $21.00 price target on Ameresco and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Baird R W lowered Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, UBS Group reissued a "sell" rating and set a $11.00 price target on shares of Ameresco in a research report on Tuesday, June 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMRC. First Trust Advisors LP increased its position in Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after purchasing an additional 464,737 shares during the last quarter. Bandera Partners LLC increased its position in Ameresco by 125.2% in the 1st quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider's stock worth $8,871,000 after purchasing an additional 408,257 shares during the last quarter. Granahan Investment Management LLC increased its position in Ameresco by 3,822.9% in the 1st quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider's stock worth $5,031,000 after purchasing an additional 405,879 shares during the last quarter. Gagnon Securities LLC increased its position in Ameresco by 69.6% in the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock worth $11,700,000 after purchasing an additional 397,326 shares during the last quarter. Finally, CenterBook Partners LP acquired a new position in Ameresco in the 1st quarter worth about $3,850,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Trading Up 5.0%

Shares of AMRC stock opened at $15.59 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. Ameresco has a 1 year low of $8.49 and a 1 year high of $39.68. The stock has a fifty day moving average of $12.20 and a two-hundred day moving average of $17.59. The firm has a market capitalization of $818.96 million, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.49 and a beta of 2.24.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.15. The company had revenue of $352.83 million for the quarter, compared to analyst estimates of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Ameresco's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) earnings per share. As a group, research analysts expect 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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