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

Ameresco, Inc. (NYSE:AMRC) has received an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $24.86.

A number of analysts have commented on the stock. Canaccord Genuity Group reduced their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Baird R W cut shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. UBS Group lowered Ameresco from a “buy” rating to a “sell” rating and reduced their target price for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Stifel Nicolaus dropped their price target on Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Robert W. Baird restated a “neutral” rating and set a $13.00 price objective (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th.

Insider Activity at Ameresco

In other news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of Ameresco stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $9.67 per share, with a total value of $33,845.00. Following the completion of the acquisition, the director now owns 17,738 shares in the company, valued at approximately $171,526.46. The trade was a 24.58 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. 42.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently modified their holdings of AMRC. Cetera Trust Company N.A boosted its holdings in shares of Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after buying an additional 440 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ameresco by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider’s stock worth $977,000 after acquiring an additional 747 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Ameresco by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider’s stock valued at $2,389,000 after acquiring an additional 859 shares during the period. MetLife Investment Management LLC grew its position in shares of Ameresco by 10.4% in the fourth quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Ameresco by 6.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider’s stock worth $711,000 after purchasing an additional 1,967 shares during the period. Institutional investors own 99.24% of the company’s stock.

Ameresco Stock Down 1.4 %

AMRC stock opened at $10.04 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The firm has a market cap of $527.72 million, a PE ratio of 10.04, a P/E/G ratio of 0.49 and a beta of 2.02. Ameresco has a 12 month low of $9.00 and a 12 month high of $39.68. The firm has a 50 day simple moving average of $12.91 and a 200 day simple moving average of $22.04.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. The business had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. Equities research analysts forecast that Ameresco will post 1.15 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.