Ameresco (NYSE:AMRC) Earns Neutral Rating from BNP Paribas Exane

Key Points

• BNP Paribas Exane has reiterated a neutral rating for Ameresco (NYSE:AMRC) with a target price of $40.00, suggesting a potential downside from the current price.
• Other analysts have expressed varied opinions, with B. Riley upgrading their rating to buy and lifting the target price to $32.00, while Jefferies raised their target from $19.00 to $39.00.
• Ameresco reported earnings of $0.27 per share, exceeding estimates, with quarterly revenue of $472.28 million, a 7.8% increase year-over-year.

Ameresco (NYSE:AMRC - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at BNP Paribas Exane in a research report issued on Tuesday, Marketbeat.com reports. They currently have a $40.00 target price on the utilities provider's stock. BNP Paribas Exane's target price suggests a potential downside of 1.62% from the company's current price.

A number of other equities research analysts also recently weighed in on the company. B. Riley lifted their target price on Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Baird R W raised shares of Ameresco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Jefferies Financial Group raised Ameresco from a "hold" rating to a "buy" rating and increased their price target for the stock from $19.00 to $39.00 in a research report on Thursday, September 25th. Robert W. Baird raised Ameresco from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $23.00 to $35.00 in a report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded Ameresco from a "sell" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.50.

Ameresco Price Performance

NYSE:AMRC opened at $40.66 on Tuesday. The firm's fifty day moving average price is $30.36 and its two-hundred day moving average price is $20.18. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The company has a market cap of $2.14 billion, a P/E ratio of 34.75, a P/E/G ratio of 1.95 and a beta of 2.33. Ameresco has a one year low of $8.49 and a one year high of $44.93.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly 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. The firm had revenue of $472.28 million for 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 business's revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities analysts expect that Ameresco will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP lifted its stake in Ameresco by 1,832.5% in the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider's stock valued at $26,965,000 after purchasing an additional 1,683,326 shares during the last quarter. Bandera Partners LLC boosted its holdings in shares of Ameresco by 125.2% during the 1st quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider's stock valued at $8,871,000 after acquiring an additional 408,257 shares in the last quarter. Granahan Investment Management LLC increased its holdings in Ameresco by 3,822.9% in the 1st quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider's stock worth $5,031,000 after purchasing an additional 405,879 shares in the last quarter. Gagnon Securities LLC raised its position in Ameresco by 69.6% in the first quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock valued at $11,700,000 after purchasing an additional 397,326 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Ameresco during the first quarter valued at about $3,850,000. 99.24% of the stock is owned by institutional investors.

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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