Ameresco (NYSE:AMRC - Get Free Report ) had its price target upped by analysts at Robert W. Baird from $28.00 to $32.00 in a report issued on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the utilities provider's stock. Robert W. Baird's target price would suggest a potential upside of 14.45% from the company's previous close.
Get Ameresco alerts:
Sign Up
AMRC has been the topic of several other reports. Guggenheim reissued a "neutral" rating on shares of Ameresco in a research report on Thursday, February 29th. Raymond James dropped their price objective on shares of Ameresco from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 3rd. BNP Paribas raised shares of Ameresco from a "neutral" rating to an "outperform" rating and set a $34.00 price objective on the stock in a research report on Tuesday, March 12th. Oppenheimer restated a "market perform" rating on shares of Ameresco in a research note on Wednesday, April 17th. Finally, Truist Financial decreased their price target on shares of Ameresco from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Ameresco currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.42.
Get Our Latest Report on AMRC
Ameresco Stock Up 3.8 % Shares of AMRC stock traded up $1.02 during trading on Thursday, reaching $27.96. The company's stock had a trading volume of 480,521 shares, compared to its average volume of 534,376. The business has a fifty day moving average price of $21.28 and a 200-day moving average price of $24.73. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. Ameresco has a one year low of $17.55 and a one year high of $63.19.
Ameresco (NYSE:AMRC - Get Free Report ) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. The business had revenue of $298.41 million for the quarter, compared to analyst estimates of $255.38 million. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Analysts anticipate that Ameresco will post 1.39 earnings per share for the current year.
Institutional Inflows and Outflows A number of large investors have recently added to or reduced their stakes in AMRC. Quest Partners LLC acquired a new stake in shares of Ameresco during the 4th quarter worth approximately $62,000. Cetera Trust Company N.A acquired a new stake in Ameresco in the 4th quarter valued at $106,000. State Board of Administration of Florida Retirement System boosted its holdings in Ameresco by 15.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider's stock worth $256,000 after acquiring an additional 1,410 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Ameresco by 24.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,672 shares of the utilities provider's stock worth $275,000 after acquiring an additional 1,712 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Ameresco during the 3rd quarter worth $295,000. Institutional investors own 99.24% of the company's stock.
About Ameresco (
Get Free Report )
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.
Further Reading
Before you consider Ameresco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameresco wasn't on the list.
While Ameresco currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
