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

Ameresco, Inc. (NYSE:AMRC) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $37.70.

Several equities analysts have weighed in on AMRC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Ameresco in a research note on Monday, December 29th. Roth Capital reissued a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. B. Riley upped their price objective on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. BNP Paribas lowered shares of Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Tuesday, October 21st. Finally, Stifel Nicolaus boosted their target price on Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, November 14th.

Ameresco Price Performance

Shares of NYSE AMRC opened at $32.97 on Tuesday. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.11 and a beta of 2.50. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. Ameresco has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The firm’s 50-day simple moving average is $31.55 and its 200 day simple moving average is $29.37.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. Ameresco had a return on equity of 6.97% and a net margin of 3.34%.The firm had revenue of $525.99 million during the quarter, compared to the consensus estimate of $518.41 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, research analysts anticipate that Ameresco will post 1.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in shares of Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after buying an additional 2,981,689 shares during the last quarter. First Trust Advisors LP raised its position in Ameresco by 1,832.5% in the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock worth $26,965,000 after acquiring an additional 1,683,326 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ameresco by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,238,322 shares of the utilities provider’s stock valued at $41,584,000 after acquiring an additional 5,431 shares during the last quarter. DNB Asset Management AS grew its position in shares of Ameresco by 3.8% during the 2nd quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock valued at $18,072,000 after acquiring an additional 43,411 shares during the period. Finally, Royce & Associates LP grew its position in shares of Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after acquiring an additional 640,106 shares during the period. 99.24% of the stock is owned by hedge funds and other institutional investors.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.