Ameresco, Inc. (NYSE:AMRC) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Ameresco an average recommendation of "Moderate Buy" from 12 analysts (8 buy, 3 hold, 1 sell) with an average 12‑month price target of $39.00.
• Ameresco beat estimates in its most recent quarter—EPS $0.39 vs $0.32 expected and revenue $581.03M vs $556.09M (+9.1% YoY)—while the stock trades around $24.52 and has a one‑year range of $8.49–$44.93 (P/E ~29.5).
• A company director sold 15,700 shares on Feb. 20, reducing their stake by ~52.7%; insiders have sold 17,020 shares in the past 90 days.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $39.00.

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a research report on Saturday, January 10th. Canaccord Genuity Group increased their target price on shares of Ameresco from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. UBS Group dropped their price target on shares of Ameresco from $40.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, March 13th. Weiss Ratings downgraded shares of Ameresco from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, March 5th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Ameresco in a report on Wednesday, March 4th.

Ameresco Trading Down 0.3%

AMRC opened at $24.52 on Friday. The stock has a market capitalization of $1.30 billion, a PE ratio of 29.54, a P/E/G ratio of 2.03 and a beta of 2.61. Ameresco has a one year low of $8.49 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.50 and a current ratio of 1.51. The business's 50 day moving average price is $29.33 and its 200 day moving average price is $32.38.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results on Monday, March 2nd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.The company had revenue of $581.03 million during the quarter, compared to analysts' expectations of $556.09 million. During the same quarter last year, the firm earned $0.88 earnings per share. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts expect that Ameresco will post 1.15 EPS for the current year.

Insider Transactions at Ameresco

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00. Following the transaction, the director directly owned 14,111 shares in the company, valued at $481,890.65. This represents a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 17,020 shares of company stock valued at $577,840 over the last 90 days. 44.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Ameresco

A number of institutional investors have recently modified their holdings of AMRC. State of Wyoming acquired a new position in Ameresco during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Ameresco during the 4th quarter valued at about $48,000. CoreCap Advisors LLC acquired a new position in Ameresco in the 3rd quarter valued at about $50,000. Tower Research Capital LLC TRC increased its stake in Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock worth $53,000 after purchasing an additional 1,754 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in Ameresco during the fourth quarter worth about $55,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.

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