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

Key Points

• Ameresco, Inc. has a consensus recommendation of "Moderate Buy" from eight analysts, with an average twelve-month price target of $25.14.
• The company reported earnings of $0.27 per share, surpassing estimates, and had a quarterly revenue of $472.28 million, reflecting a year-over-year growth of 7.8%.
• Major institutional investors have significantly increased their holdings in Ameresco, with 99.24% of the stock now owned by hedge funds and institutional investors.

Ameresco, Inc. (NYSE:AMRC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.1429.

Several equities analysts recently issued reports on AMRC shares. Jefferies Financial Group increased their target price on Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, July 23rd. Baird R W raised shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. UBS Group raised shares of Ameresco from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $11.00 to $23.00 in a research note on Monday, August 18th. B. Riley raised their price objective on shares of Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Finally, Robert W. Baird raised shares of Ameresco from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $23.00 to $35.00 in a research note on Tuesday, September 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMRC. Bank of America Corp DE boosted its holdings in shares of Ameresco by 6.0% during the fourth quarter. Bank of America Corp DE now owns 196,592 shares of the utilities provider's stock worth $4,616,000 after purchasing an additional 11,163 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Ameresco by 45.5% during the fourth quarter. Deutsche Bank AG now owns 33,535 shares of the utilities provider's stock worth $787,000 after purchasing an additional 10,483 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after purchasing an additional 4,362 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ameresco by 1.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock worth $977,000 after purchasing an additional 747 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Ameresco by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 9,074 shares of the utilities provider's stock worth $213,000 after purchasing an additional 2,986 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Stock Performance

Shares of NYSE AMRC opened at $28.38 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. Ameresco has a 12 month low of $8.49 and a 12 month high of $39.68. The company has a 50 day simple moving average of $21.68 and a two-hundred day simple moving average of $15.93. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.44 and a beta of 2.26.

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

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.

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