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

Ameresco, Inc. (NYSE:AMRC) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $40.10.

A number of research firms recently weighed in on AMRC. B. Riley Financial upped their target price on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Stifel Nicolaus boosted their price target on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Roth Mkm reissued a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Finally, William Blair upgraded shares of Ameresco to a “hold” rating in a report on Tuesday, January 27th.

Insider Buying and Selling

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the transaction, the director owned 14,111 shares of the company’s stock, valued at $481,890.65. This represents a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 16,695 shares of company stock valued at $569,614 over the last 90 days. Corporate insiders own 44.96% of the company’s stock.

Institutional Trading of Ameresco

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in Ameresco by 14.3% during the second quarter. Legal & General Group Plc now owns 679,355 shares of the utilities provider’s stock worth $10,319,000 after purchasing an additional 84,960 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Ameresco by 1,832.5% in the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after buying an additional 1,683,326 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Ameresco by 318.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,788 shares of the utilities provider’s stock valued at $3,620,000 after buying an additional 82,015 shares during the last quarter. Swedbank AB purchased a new position in shares of Ameresco in the 3rd quarter valued at $3,895,000. Finally, Caxton Associates LLP acquired a new stake in Ameresco during the 2nd quarter worth $2,300,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Trading Up 0.4%

NYSE:AMRC opened at $26.35 on Wednesday. Ameresco has a 12-month low of $8.49 and a 12-month high of $44.93. The firm has a market cap of $1.39 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 1.96 and a beta of 2.53. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.56. The stock has a fifty day moving average price of $31.07 and a 200 day moving average price of $32.41.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, March 2nd. The utilities provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $581.03 million for the quarter, compared to the consensus estimate of $556.09 million. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.Ameresco’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. Sell-side analysts anticipate that Ameresco will post 1.15 earnings per share for the current fiscal year.

Ameresco Company Profile

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.