Ameresco (NYSE:AMRC) Stock Price Down 4.6% - What's Next?

Key Points

• Ameresco shares fell 4.6% to about $25.20 on Monday on thin volume, trading well below the 50‑day ($28.60) and 200‑day ($32.18) moving averages.
• Analysts are mixed but the consensus is a Moderate Buy with an average price target of $39, ranging from UBS's $28 (neutral) to B. Riley's $47 (buy), suggesting notable upside from current levels.
• In the most recent quarter Ameresco reported $0.39 EPS (vs. $0.32 expected) and $581M revenue (up 9.1% YoY), though net margin remains low at 2.29%.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) traded down 4.6% during trading on Monday . The stock traded as low as $25.25 and last traded at $25.1960. 70,109 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 530,283 shares. The stock had previously closed at $26.40.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley Financial lifted their target price on shares of Ameresco from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $38.00 target price (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. UBS Group lowered their target price on shares of Ameresco from $40.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, March 13th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Ameresco in a research note on Wednesday, March 4th. Finally, William Blair raised shares of Ameresco to a "hold" rating in a research note on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

Ameresco Price Performance

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 firm has a market cap of $1.33 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.18 and a beta of 2.61. The company's fifty day moving average is $28.60 and its two-hundred day moving average is $32.18.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results on Monday, March 2nd. The utilities provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $581.03 million for the quarter, compared to analyst estimates of $556.09 million. Ameresco had a net margin of 2.29% and a return on equity of 4.49%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Equities research analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current year.

Insider Buying and Selling at Ameresco

In related news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction on Friday, February 20th. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00. Following the transaction, the director owned 14,111 shares in the company, valued at approximately $481,890.65. The trade was a 52.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 17,020 shares of company stock worth $577,840. Insiders own 44.96% of the company's stock.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Ameresco in the 4th quarter worth $27,000. CoreCap Advisors LLC acquired a new position in Ameresco in the 3rd quarter worth $50,000. Caitong International Asset Management Co. Ltd acquired a new position in Ameresco in the 4th quarter worth $48,000. Summit Securities Group LLC acquired a new position in Ameresco in the 4th quarter worth $55,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Ameresco in the 3rd quarter worth $76,000. Institutional investors and hedge funds own 99.24% of the company's stock.

About Ameresco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.