Ameresco, Inc. (NYSE:AMRC) Stock Has Average Price Target of $41.89

Key Points

• Analysts maintain a “Hold” consensus on Ameresco, with six buy, five hold, two sell, and one strong-buy rating. The average 12-month price target is $41.89, well above the stock’s reported $19.77 price.
• Recent analyst views were mixed: BNP Paribas Exane upgraded Ameresco to “outperform” with a $40 target, while Cantor Fitzgerald cut its target to $36 and Zacks Research downgraded the stock to “strong sell.”
• Ameresco reported quarterly EPS of $0.20 in line with estimates and revenue of $515.46 million, up 9.1% year over year. Insiders bought roughly $1.78 million of shares over the past 90 days, while institutional investors own 99.24% of the stock.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have received an average rating of "Hold" from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $41.89.

AMRC has been the topic of several research analyst reports. BNP Paribas Exane raised shares of Ameresco from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $34.00 to $40.00 in a report on Tuesday, August 4th. Oppenheimer reaffirmed a "market perform" rating on shares of Ameresco in a research note on Tuesday, August 4th. Cantor Fitzgerald reduced their price target on shares of Ameresco from $44.00 to $36.00 and set an "overweight" rating on the stock in a report on Thursday, August 27th. Zacks Research cut shares of Ameresco from a "hold" rating to a "strong sell" rating in a research note on Monday, October 12th. Finally, Weiss Ratings upgraded shares of Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th.

Insider Transactions at Ameresco

In other news, CEO George Sakellaris purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of $20.91 per share, with a total value of $104,550.00. Following the completion of the purchase, the chief executive officer owned 1,000,597 shares in the company, valued at approximately $20,922,483.27. This represents a 0.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian Cox purchased 39,700 shares of the business's stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $25.07 per share, with a total value of $995,279.00. Following the acquisition, the director directly owned 39,700 shares in the company, valued at $995,279. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 75,025 shares of company stock valued at $1,778,963 in the last ninety days. Corporate insiders own 45.10% of the company's stock.

Institutional Trading of Ameresco

Hedge funds have recently modified their holdings of the company. Eagle Harbor Asset Management Inc. ADV raised its stake in Ameresco by 10.7% during the third quarter. Eagle Harbor Asset Management Inc. ADV now owns 24,831 shares of the utilities provider's stock valued at $514,000 after purchasing an additional 2,398 shares in the last quarter. Vanguard Capital Wealth Advisors bought a new position in Ameresco during the third quarter valued at $389,000. NorthCrest Asset Manangement LLC lifted its position in Ameresco by 7.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider's stock valued at $288,000 after purchasing an additional 940 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Ameresco by 458.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider's stock worth $26,000 after buying an additional 1,037 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Ameresco in the 2nd quarter worth $261,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $19.77 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. Ameresco has a 1-year low of $18.38 and a 1-year high of $42.83. The firm's 50 day simple moving average is $22.40 and its two-hundred day simple moving average is $25.59. The company has a market capitalization of $1.05 billion, a P/E ratio of 38.01, a P/E/G ratio of 1.40 and a beta of 2.62.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. The business had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%. Ameresco's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Research analysts expect that Ameresco will post 1.22 EPS for the current fiscal year.

Ameresco Company Profile

Ameresco, Inc NYSE: AMRC is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company's offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.

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