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

Ameresco, Inc. (NYSE:AMRC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.17.

AMRC has been the topic of a number of research reports. Piper Sandler set a $21.00 price objective on Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Robert W. Baird restated a "neutral" rating and issued a $13.00 price target (down previously from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Canaccord Genuity Group lifted their price target on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Baird R W lowered shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus decreased their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th.

Insider Activity at Ameresco

In related news, CEO George P. Sakellaris bought 25,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $9.27 per share, with a total value of $231,750.00. Following the purchase, the chief executive officer now directly owns 978,638 shares of the company's stock, valued at approximately $9,071,974.26. This represents a 2.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $9.67 per share, with a total value of $33,845.00. Following the purchase, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. This trade represents a 24.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 80,808 shares of company stock valued at $785,274. Company insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Ameresco during the 1st quarter worth about $40,000. GAMMA Investing LLC boosted its stake in shares of Ameresco by 132.0% during the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after acquiring an additional 4,557 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Ameresco during the 1st quarter worth about $114,000. Advisors Asset Management Inc. raised its position in shares of Ameresco by 57.4% in the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider's stock valued at $118,000 after purchasing an additional 3,554 shares during the period. Finally, Walleye Capital LLC bought a new position in shares of Ameresco in the first quarter valued at approximately $121,000. 99.24% of the stock is currently owned by institutional investors.

Ameresco Price Performance

Shares of Ameresco stock traded down $0.05 on Thursday, hitting $14.63. The company had a trading volume of 392,232 shares, compared to its average volume of 511,294. The business has a 50-day simple moving average of $11.70 and a 200-day simple moving average of $18.95. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The company has a market cap of $768.67 million, a PE ratio of 14.63, a PEG ratio of 0.49 and a beta of 2.20. Ameresco has a 52 week low of $8.49 and a 52 week high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.15. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $352.83 million for the quarter, compared to the consensus estimate of $323.71 million. During the same quarter in the previous year, the business earned ($0.10) EPS. The company's quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts expect that Ameresco will post 1.15 EPS for the current fiscal 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.