B. Riley Increases Ameresco (NYSE:AMRC) Price Target to $32.00

Key Points

• B. Riley has raised the price target for Ameresco (NYSE:AMRC) from $22.00 to $32.00, indicating a potential upside of 28.93% from its current stock price.
• The company reported a quarterly earnings per share (EPS) of $0.27, significantly surpassing the consensus estimate of $0.06, with revenue also exceeding expectations at $472.28 million.
• Multiple analysts have upgraded Ameresco's stock, with one issuing a "Strong Buy" rating, while overall sentiment reflects a "Moderate Buy" rating based on average price targets.

Ameresco (NYSE:AMRC - Get Free Report) had its price target raised by equities research analysts at B. Riley from $22.00 to $32.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the utilities provider's stock. B. Riley's price target points to a potential upside of 28.93% from the company's current price.

Several other equities research analysts have also recently issued reports on the company. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Robert W. Baird upgraded Ameresco from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $23.00 to $35.00 in a report on Tuesday, September 2nd. Jefferies Financial Group lifted their target price on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, July 23rd. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and lifted their target price for the company from $11.00 to $23.00 in a report on Monday, August 18th. Finally, Wall Street Zen cut Ameresco from a "hold" rating to a "sell" rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.14.

Ameresco Price Performance

AMRC stock opened at $24.82 on Wednesday. Ameresco has a 52-week low of $8.49 and a 52-week high of $39.68. The stock's fifty day simple moving average is $20.53 and its 200-day simple moving average is $15.55. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.21 and a beta of 2.26.

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, 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 for the quarter, compared to analysts' expectations of $415.30 million. During the same quarter last year, the firm earned $0.10 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities research analysts expect that Ameresco will post 1.15 EPS for the current year.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Ameresco in the first quarter valued at about $40,000. Tower Research Capital LLC TRC increased its holdings in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock valued at $53,000 after buying an additional 1,754 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Ameresco by 145.0% in the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after buying an additional 4,362 shares during the last quarter. GAMMA Investing LLC increased its holdings in Ameresco by 132.0% in the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after buying an additional 4,557 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Ameresco in the fourth quarter valued at about $203,000. 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.

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