Ameresco, Inc. (NYSE:AMRC – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $41.89.
AMRC has been the topic of a number of analyst reports. UBS Group upped their price target on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Robert W. Baird reissued a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a report on Sunday. Cantor Fitzgerald reduced their target price on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Finally, Jefferies Financial Group raised shares of Ameresco to a “strong-buy” rating in a report on Thursday, September 3rd.
Check Out Our Latest Stock Report on Ameresco
Insider Activity
In other news, Director Brian C. Cox bought 39,700 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $25.07 per share, for a total transaction of $995,279.00. Following the completion of the purchase, the director owned 39,700 shares of the company’s stock, valued at approximately $995,279. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jennifer L. Miller bought 2,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was purchased at an average price of $20.96 per share, with a total value of $41,920.00. Following the purchase, the director directly owned 34,546 shares of the company’s stock, valued at $724,084.16. The trade was a 6.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 75,025 shares of company stock valued at $1,778,963 in the last ninety days. 45.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Ameresco
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after purchasing an additional 167,068 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Ameresco by 5.3% during the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after purchasing an additional 42,826 shares during the last quarter. Swedbank AB grew its holdings in shares of Ameresco by 74.3% during the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after purchasing an additional 275,000 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Ameresco by 10.3% in the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after buying an additional 43,832 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Ameresco by 8.5% in the first quarter. Empowered Funds LLC now owns 225,628 shares of the utilities provider’s stock valued at $5,754,000 after buying an additional 17,696 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.
Ameresco Stock Down 0.6%
Shares of AMRC opened at $21.54 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average price of $23.39 and a two-hundred day moving average price of $26.30. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 41.42, a P/E/G ratio of 1.60 and a beta of 2.63. Ameresco has a 12 month low of $18.38 and a 12 month high of $44.93.
Ameresco (NYSE:AMRC – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities analysts predict that Ameresco will post 1.22 EPS for the current fiscal year.
About Ameresco
Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.
Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.
See Also
- Five stocks we like better than Ameresco
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Ameresco Right Now?
Before you consider Ameresco, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Ameresco wasn’t on the list.
While Ameresco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
