Ameresco (NYSE:AMRC) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• Ameresco's stock received a "hold (C-)" rating from Weiss Ratings, while Jefferies and Robert W. Baird upgraded their ratings to "buy" and "outperform" respectively, significantly raising their price targets for the stock.
• Ameresco reported earnings of $0.27 per share, exceeding analysts' expectations, with a revenue increase of 7.8% year-over-year, reaching $472.28 million for the most recent quarter.
• The company has established a consensus target price of $28.00 with an average rating of "Moderate Buy" among analysts, highlighting a favorable outlook despite mixed recent assessments.

Ameresco (NYSE:AMRC - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group raised shares of Ameresco from a "hold" rating to a "buy" rating and boosted their price objective for the company from $19.00 to $39.00 in a report on Thursday, September 25th. Robert W. Baird raised shares of Ameresco from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $23.00 to $35.00 in a report on Tuesday, September 2nd. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and increased their target price for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Wall Street Zen cut shares of Ameresco from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Finally, B. Riley lifted their price objective on Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.00.

Ameresco Price Performance

AMRC traded down $0.30 during midday trading on Wednesday, hitting $38.55. The stock had a trading volume of 776,965 shares, compared to its average volume of 684,846. The business has a fifty day moving average of $26.47 and a 200 day moving average of $18.34. 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 $39.83. The company has a market cap of $2.03 billion, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 1.91 and a beta of 2.33.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $415.30 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts forecast that Ameresco will post 1.15 earnings per share for the current fiscal year.

Institutional Trading of Ameresco

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ameresco by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider's stock valued at $513,000 after acquiring an additional 884 shares during the last quarter. Alps Advisors Inc. raised its holdings in Ameresco by 2.2% in the 1st quarter. Alps Advisors Inc. now owns 50,285 shares of the utilities provider's stock valued at $607,000 after buying an additional 1,060 shares during the period. Harvest Portfolios Group Inc. lifted its position in Ameresco by 12.4% in the first quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider's stock valued at $152,000 after buying an additional 1,390 shares during the last quarter. Deutsche Bank AG increased its position in shares of Ameresco by 5.2% during the first quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider's stock valued at $426,000 after acquiring an additional 1,730 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 1,754 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

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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