Ameresco (NYSE:AMRC) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Ameresco's rating was upgraded from "sell" to "hold" by Wall Street Zen, reflecting a positive shift in investor sentiment.
• Research firms have mixed outlooks on Ameresco, with price targets ranging from $17.00 to $29.00 and an average price target of $20.33.
• Ameresco reported better-than-expected earnings with $0.27 EPS, significantly above analysts' estimates, and revenue of $472.28 million for the last quarter.

Wall Street Zen upgraded shares of Ameresco (NYSE:AMRC - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also recently issued reports on the stock. UBS Group raised shares of Ameresco from a "sell" rating to a "neutral" rating and boosted their target price for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Piper Sandler set a $21.00 price objective on shares of Ameresco and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group boosted their price objective on shares of Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. Canaccord Genuity Group raised their target price on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus dropped their price target on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Ameresco Stock Performance

Ameresco stock traded up $0.24 during trading hours on Friday, hitting $25.89. The company had a trading volume of 356,786 shares, compared to its average volume of 568,841. The firm has a market cap of $1.36 billion, a PE ratio of 22.13, a PEG ratio of 1.28 and a beta of 2.26. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. Ameresco has a one year low of $8.49 and a one year high of $39.68. The firm has a 50-day moving average of $19.96 and a 200 day moving average of $15.45.

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, topping the consensus estimate of $0.06 by $0.21. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The business had revenue of $472.28 million during the quarter, compared to analysts' expectations of $415.30 million. During the same period last year, the firm posted $0.10 EPS. The firm'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. On average, sell-side analysts expect that Ameresco will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

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. DNB Asset Management AS increased its holdings in shares of Ameresco by 3.8% during the second quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider's stock worth $18,072,000 after buying an additional 43,411 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ameresco by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock valued at $27,230,000 after acquiring an additional 214,918 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Ameresco by 12.8% in the 1st quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider's stock valued at $13,289,000 after acquiring an additional 125,030 shares during the last quarter. Finally, Gagnon Securities LLC boosted its holdings in shares of Ameresco by 69.6% during the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock valued at $11,700,000 after acquiring an additional 397,326 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

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.