Ameresco, Inc. (NYSE:AMRC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ameresco, Inc. (NYSE:AMRC) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $43.42.

AMRC has been the subject of a number of recent analyst reports. Raymond James decreased their price target on Ameresco from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, April 3rd. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. Truist Financial cut their price target on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Guggenheim restated a “neutral” rating on shares of Ameresco in a research report on Thursday, February 29th. Finally, Piper Sandler lowered their price objective on shares of Ameresco from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th.

Hedge Funds Weigh In On Ameresco

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of Ameresco by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 44,866 shares of the utilities provider’s stock worth $1,730,000 after buying an additional 465 shares during the period. Bridge City Capital LLC boosted its holdings in Ameresco by 0.8% during the first quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock valued at $1,927,000 after acquiring an additional 622 shares during the period. Victory Capital Management Inc. boosted its holdings in Ameresco by 8.8% during the fourth quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 752 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ameresco by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,941 shares of the utilities provider’s stock valued at $576,000 after purchasing an additional 800 shares during the last quarter. Finally, Otter Creek Advisors LLC increased its stake in shares of Ameresco by 1.2% in the fourth quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock worth $2,181,000 after purchasing an additional 818 shares during the period. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Stock Up 4.5 %

AMRC stock opened at $22.41 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24. The firm has a market cap of $1.17 billion, a PE ratio of 18.99, a P/E/G ratio of 0.62 and a beta of 1.60. Ameresco has a 12 month low of $17.55 and a 12 month high of $63.19. The firm has a 50 day simple moving average of $21.05 and a 200 day simple moving average of $24.88.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. The company had revenue of $441.40 million during the quarter, compared to the consensus estimate of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. Equities research analysts forecast that Ameresco will post 1.39 earnings per share for the current fiscal year.

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.