B. Riley Issues Positive Forecast for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC) had its target price upped by B. Riley from $22.00 to $32.00 in a research note issued to investors on Wednesday morning,Benzinga reports. B. Riley currently has a buy rating on the utilities provider’s stock.

A number of other analysts have also weighed in on the company. Robert W. Baird raised Ameresco from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $23.00 to $35.00 in a research note on Tuesday, September 2nd. Baird R W upgraded Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Wall Street Zen downgraded Ameresco from a “hold” rating to a “sell” rating in a report on Sunday. UBS Group upgraded Ameresco from a “sell” rating to a “neutral” rating and upped their target price for the company from $11.00 to $23.00 in a report on Monday, August 18th. Finally, Jefferies Financial Group upped 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.14.

Ameresco Price Performance

AMRC stock opened at $28.10 on Wednesday. The firm has a 50 day moving average of $20.77 and a 200-day moving average of $15.63. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. Ameresco has a 12 month low of $8.49 and a 12 month high of $39.68. The firm has a market capitalization of $1.48 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 1.24 and a beta of 2.26.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The business had revenue of $472.28 million for the quarter, compared to the consensus estimate of $415.30 million. During the same period last year, the firm posted $0.10 earnings per share. Ameresco’s quarterly revenue was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, sell-side analysts predict that Ameresco will post 1.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ameresco

A number of hedge funds have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in shares of Ameresco during the fourth quarter valued at $203,000. Bank of America Corp DE increased its position in Ameresco by 6.0% during the fourth quarter. Bank of America Corp DE now owns 196,592 shares of the utilities provider’s stock valued at $4,616,000 after acquiring an additional 11,163 shares during the last quarter. Captrust Financial Advisors increased its position in Ameresco by 25.4% during the fourth quarter. Captrust Financial Advisors now owns 22,131 shares of the utilities provider’s stock valued at $520,000 after acquiring an additional 4,484 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Ameresco by 23.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 238,002 shares of the utilities provider’s stock valued at $5,588,000 after acquiring an additional 44,442 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Ameresco by 45.5% during the fourth quarter. Deutsche Bank AG now owns 33,535 shares of the utilities provider’s stock valued at $787,000 after acquiring an additional 10,483 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Company Profile

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.