Ameresco, Inc. (NYSE:AMRC) Receives $25.14 Average Price Target from Analysts

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.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $25.1429.

A number of brokerages have commented on AMRC. Jefferies Financial Group boosted their price objective on shares of Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, July 23rd. Baird R W upgraded shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and upped their target price for the company from $11.00 to $23.00 in a research note on Monday, August 18th. B. Riley boosted their price objective on shares of Ameresco from $22.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Robert W. Baird upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $23.00 to $35.00 in a research report on Tuesday, September 2nd.

Ameresco Stock Performance

NYSE AMRC traded down $0.28 during trading hours on Wednesday, hitting $30.99. The company had a trading volume of 1,460,087 shares, compared to its average volume of 597,235. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. Ameresco has a 1-year low of $8.49 and a 1-year high of $39.68. The company has a market cap of $1.63 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.56 and a beta of 2.26. The business has a 50 day moving average of $22.46 and a 200-day moving average of $16.31.

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

Institutional Investors Weigh In On Ameresco

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in Ameresco by 6.0% in the 4th quarter. Bank of America Corp DE now owns 196,592 shares of the utilities provider's stock valued at $4,616,000 after buying an additional 11,163 shares during the period. Deutsche Bank AG grew its stake in Ameresco by 45.5% in the 4th quarter. Deutsche Bank AG now owns 33,535 shares of the utilities provider's stock valued at $787,000 after buying an additional 10,483 shares during the last quarter. Lazard Asset Management LLC grew its position in Ameresco by 145.0% in the 4th 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. grew its position in Ameresco by 1.8% in the 4th 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 grew its position in Ameresco by 49.0% in the 4th 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. Hedge funds and other institutional investors own 99.24% of the company's stock.

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.