Ameresco (NYSE:AMRC) Price Target Cut to $36.00 by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald cut Ameresco’s price target to $36 from $44 while maintaining an “overweight” rating, implying roughly 63% upside from the prior close.
• Analyst sentiment remains moderately positive: Ameresco has a consensus “Moderate Buy” rating and an average price target of $41.89, despite several neutral ratings and recent target reductions.
• Ameresco met quarterly EPS expectations at $0.20 and exceeded revenue estimates with $515.46 million, up 9.1% year over year. A director also recently bought 2,000 shares, while institutional investors own 99.24% of the stock.

Ameresco (NYSE:AMRC - Get Free Report) had its target price dropped by equities research analysts at Cantor Fitzgerald from $44.00 to $36.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. Cantor Fitzgerald's target price would suggest a potential upside of 62.68% from the stock's previous close.

Several other analysts also recently commented on the stock. Oppenheimer reissued a "market perform" rating on shares of Ameresco in a research report on Tuesday, August 4th. UBS Group upped their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. BNP Paribas Exane upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and increased their price target for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. Guggenheim initiated coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a "neutral" rating for the company. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ameresco currently has an average rating of "Moderate Buy" and a consensus target price of $41.89.

Ameresco Stock Up 0.3%

Shares of NYSE:AMRC opened at $22.13 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $24.84 and a two-hundred day simple moving average of $27.60. Ameresco has a 12-month low of $18.38 and a 12-month high of $44.93. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 42.56, a PEG ratio of 1.62 and a beta of 2.62.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. The firm had revenue of $515.46 million for the quarter, compared to analysts' expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts anticipate that Ameresco will post 1.24 earnings per share for the current fiscal year.

Insider Activity at Ameresco

In related news, Director Jennifer L. Miller bought 2,000 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $20.96 per share, for a total transaction of $41,920.00. Following the completion of the acquisition, the director owned 34,546 shares of the company's stock, valued at $724,084.16. This trade represents a 6.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of Ameresco stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $36.12, for a total transaction of $180,600.00. Following the completion of the sale, the director directly owned 25,232 shares of the company's stock, valued at approximately $911,379.84. This trade represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 67,025 shares of company stock valued at $1,599,293 over the last quarter. 45.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ameresco by 2.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider's stock valued at $1,159,000 after purchasing an additional 799 shares in the last quarter. KBC Group NV raised its stake in Ameresco by 0.9% during the first quarter. KBC Group NV now owns 97,905 shares of the utilities provider's stock valued at $2,497,000 after purchasing an additional 891 shares in the last quarter. State of Wyoming purchased a new stake in Ameresco during the fourth quarter valued at $27,000. Swiss National Bank lifted its position in Ameresco by 1.6% during the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider's stock valued at $2,142,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Kuhn & Co Investment Counsel grew its stake in shares of Ameresco by 4.6% in the 4th quarter. Kuhn & Co Investment Counsel now owns 22,650 shares of the utilities provider's stock worth $663,000 after buying an additional 1,000 shares in the last quarter. Institutional investors 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.

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