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

Shares of Ameresco, Inc. (NYSE:AMRC) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $45.33.

A number of equities analysts have commented on AMRC shares. Raymond James reduced their target price on shares of Ameresco from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, April 3rd. Guggenheim restated a “neutral” rating on shares of Ameresco in a research note on Thursday, February 29th. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday. B. Riley lowered their price objective on Ameresco from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Finally, Canaccord Genuity Group dropped their target price on Ameresco from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th.

Ameresco Price Performance

NYSE AMRC opened at $19.43 on Wednesday. The company has a market cap of $1.02 billion, a PE ratio of 16.47, a P/E/G ratio of 0.60 and a beta of 1.56. The firm’s 50 day moving average price is $21.58 and its 200-day moving average price is $26.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25. Ameresco has a 52-week low of $17.55 and a 52-week high of $63.19.

Ameresco (NYSE:AMRC) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. The business had revenue of $441.40 million for the quarter, compared to analysts’ expectations of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. Sell-side analysts forecast that Ameresco will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Ameresco during the 3rd quarter worth about $28,000. Tower Research Capital LLC TRC grew its holdings in Ameresco by 302.4% during the first quarter. Tower Research Capital LLC TRC now owns 849 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 638 shares during the period. Lazard Asset Management LLC purchased a new position in Ameresco during the first quarter valued at approximately $50,000. Quest Partners LLC acquired a new position in Ameresco in the fourth quarter valued at approximately $62,000. Finally, Cetera Trust Company N.A purchased a new stake in Ameresco in the 4th quarter worth approximately $106,000. Institutional investors and hedge funds 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.