Analysts Set Ameresco, Inc. (NYSE:AMRC) Price Target at $42.56

Ameresco, Inc. (NYSE:AMRC) has been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.5556.

A number of equities analysts have commented on the stock. Zacks Research raised shares of Ameresco from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Guggenheim started coverage on shares of Ameresco in a report on Friday, May 22nd. They set a “neutral” rating on the stock. Canaccord Genuity Group raised their price target on shares of Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Finally, Cantor Fitzgerald boosted their price objective on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th.

Ameresco Trading Down 1.9%

Shares of NYSE AMRC opened at $23.13 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. The stock’s 50 day moving average price is $28.87 and its two-hundred day moving average price is $29.03. Ameresco has a 52-week low of $15.52 and a 52-week high of $44.93. The stock has a market capitalization of $1.22 billion, a P/E ratio of 39.88, a PEG ratio of 1.87 and a beta of 2.60.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The firm had revenue of $401.46 million during the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. Ameresco’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, analysts anticipate that Ameresco will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ameresco news, Director Jennifer L. Miller sold 10,000 shares of Ameresco stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the completion of the transaction, the director directly owned 22,111 shares in the company, valued at $713,521.97. The trade was a 31.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $34.00, for a total value of $46,070.00. Following the transaction, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. This trade represents a 8.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,355 shares of company stock valued at $852,270 over the last quarter. Insiders own 45.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in Ameresco by 10.3% during the 4th quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after acquiring an additional 43,832 shares in the last quarter. Swedbank AB grew its stake in shares of Ameresco by 219.0% in the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after purchasing an additional 254,000 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Ameresco by 10.7% during the fourth quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after purchasing an additional 102,782 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Ameresco by 7.5% during the fourth quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock valued at $19,063,000 after purchasing an additional 45,506 shares during the period. Finally, Penn Capital Management Company LLC raised its stake in shares of Ameresco by 314.0% during the fourth quarter. Penn Capital Management Company LLC now owns 82,659 shares of the utilities provider’s stock valued at $2,421,000 after purchasing an additional 62,695 shares in the last quarter. 99.24% of the stock is currently owned by 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.