Ameresco, Inc. (NYSE:AMRC) Given Average Recommendation of “Moderate Buy” by Analysts

Ameresco, Inc. (NYSE:AMRC) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $36.00.

AMRC has been the subject of a number of recent research reports. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Robert W. Baird upgraded Ameresco from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $23.00 to $35.00 in a report on Tuesday, September 2nd. Jefferies Financial Group set a $45.00 price target on Ameresco and gave the company a “buy” rating in a research report on Tuesday, November 4th. B. Riley lifted their price objective on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus increased their target price on shares of Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, November 14th.

Ameresco Stock Performance

Shares of AMRC stock opened at $34.71 on Monday. The firm has a market capitalization of $1.83 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.93 and a beta of 2.42. The firm has a fifty day simple moving average of $36.51 and a two-hundred day simple moving average of $25.30. 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 $44.93.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. The firm had revenue of $525.99 million for the quarter, compared to analyst estimates of $518.41 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Analysts forecast that Ameresco will post 1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new stake in shares of Ameresco during the third quarter valued at approximately $50,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ameresco during the 3rd quarter valued at $76,000. Nkcfo LLC purchased a new stake in shares of Ameresco during the 3rd quarter valued at $107,000. Headlands Technologies LLC bought a new stake in shares of Ameresco during the 1st quarter worth $40,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,754 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.