Weiss Ratings Reiterates Hold (C-) Rating for Ameresco (NYSE:AMRC)

Ameresco (NYSE:AMRC)‘s stock had its “hold (c-)” rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on the stock. Robert W. Baird raised shares of Ameresco from a “neutral” rating to an “outperform” rating and upped their target price for the company from $23.00 to $35.00 in a research note on Tuesday, September 2nd. UBS Group raised shares of Ameresco from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Jefferies Financial Group raised shares of Ameresco from a “hold” rating to a “buy” rating and increased their price objective for the stock from $19.00 to $39.00 in a research report on Thursday, September 25th. Baird R W raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Ameresco Price Performance

Shares of AMRC stock opened at $39.56 on Wednesday. Ameresco has a 1 year low of $8.49 and a 1 year high of $40.88. The firm’s 50 day moving average is $27.36 and its 200-day moving average is $18.66. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 1.92 and a beta of 2.33. 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 (NYSE:AMRC) last announced its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $472.28 million for the quarter, compared to analyst estimates of $415.30 million. During the same period in the prior year, the business earned $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. Sell-side analysts forecast that Ameresco will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameresco

A number of institutional investors have recently added to or reduced their stakes in the business. Northside Capital Management LLC bought a new stake in Ameresco during the 3rd quarter worth approximately $252,000. Moody National Bank Trust Division bought a new stake in shares of Ameresco in the 3rd quarter valued at $1,335,000. Squarepoint Ops LLC boosted its stake in shares of Ameresco by 106.4% in the 2nd quarter. Squarepoint Ops LLC now owns 187,363 shares of the utilities provider’s stock valued at $2,846,000 after purchasing an additional 96,606 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Ameresco in the 2nd quarter valued at $2,300,000. Finally, JCP Investment Management LLC boosted its stake in shares of Ameresco by 16.4% in the 2nd quarter. JCP Investment Management LLC now owns 16,297 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 2,297 shares during the last quarter. 99.24% of the stock is owned by institutional investors.

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.