Ameresco (NYSE:AMRC) Stock Rating Upgraded by Jefferies Financial Group

Key Points

• Jefferies Financial Group has upgraded Ameresco's stock rating from "hold" to "buy" with a new price target of $39.00, suggesting a potential upside of 23.14%.
• Other analysts have also recently upgraded Ameresco's stock, with six assigning a Buy rating and one a Hold rating, indicating strong market confidence.
• Ameresco reported strong quarterly earnings, with $0.27 EPS, exceeding estimates, and revenue of $472.28 million, marking a 7.8% increase year-over-year.

Ameresco (NYSE:AMRC - Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a report released on Thursday,Benzinga reports. The firm currently has a $39.00 price objective on the utilities provider's stock, up from their prior price objective of $19.00. Jefferies Financial Group's target price would suggest a potential upside of 23.14% from the company's current price.

Several other equities research analysts also recently issued reports on AMRC. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $11.00 to $23.00 in a report on Monday, August 18th. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded Ameresco from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Robert W. Baird upgraded Ameresco from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $23.00 to $35.00 in a report on Tuesday, September 2nd. Finally, B. Riley upped their price target on Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $28.00.

Ameresco Price Performance

AMRC stock opened at $31.67 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $1.66 billion, a PE ratio of 27.07, a P/E/G ratio of 1.57 and a beta of 2.26. Ameresco has a 12-month low of $8.49 and a 12-month high of $39.68. The business's fifty day moving average price is $23.27 and its 200 day moving average price is $16.76.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) 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 the consensus estimate of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, sell-side analysts anticipate that Ameresco will post 1.15 EPS for the current year.

Institutional Trading of Ameresco

A number of large investors have recently made changes to their positions in the company. Squarepoint Ops LLC boosted its position in shares of Ameresco by 106.4% in the 2nd quarter. Squarepoint Ops LLC now owns 187,363 shares of the utilities provider's stock valued at $2,846,000 after purchasing an additional 96,606 shares during the period. Caxton Associates LLP acquired a new stake in shares of Ameresco in the 2nd quarter valued at about $2,300,000. JCP Investment Management LLC boosted its position in shares of Ameresco by 16.4% in the 2nd quarter. JCP Investment Management LLC now owns 16,297 shares of the utilities provider's stock valued at $248,000 after purchasing an additional 2,297 shares during the period. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 1,754 shares during the period. Finally, Redwood Grove Capital LLC boosted its position in shares of Ameresco by 36.0% in the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider's stock valued at $10,327,000 after purchasing an additional 179,943 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

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.

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