Ameresco, Inc. (NYSE:AMRC) Receives $53.62 Average PT from Brokerages

Shares of Ameresco, Inc. (NYSE:AMRCGet Free Report) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $53.62.

Several equities analysts recently issued reports on AMRC shares. Stifel Nicolaus reduced their price objective on Ameresco from $69.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. BNP Paribas initiated coverage on Ameresco in a report on Friday, October 20th. They set a “neutral” rating and a $43.00 price target on the stock. William Blair lowered Ameresco from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Raymond James lowered their price target on Ameresco from $55.00 to $40.00 and set an “outperform” rating on the stock in a report on Tuesday, November 7th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a report on Tuesday, November 7th.

View Our Latest Analysis on Ameresco

Ameresco Trading Down 6.1 %

Shares of AMRC stock opened at $21.38 on Friday. The firm has a 50-day moving average price of $28.61 and a 200 day moving average price of $36.29. Ameresco has a twelve month low of $18.40 and a twelve month high of $65.86. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 0.52 and a beta of 1.55. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 1.14.

Ameresco (NYSE:AMRCGet Free Report) last posted its earnings results on Monday, November 6th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Ameresco had a return on equity of 5.59% and a net margin of 3.69%. The business had revenue of $335.15 million for the quarter, compared to analyst estimates of $385.05 million. During the same period last year, the company posted $0.54 EPS. The firm’s revenue for the quarter was down 24.1% compared to the same quarter last year. Research analysts forecast that Ameresco will post 1.15 earnings per share for the current fiscal year.

Insider Activity at Ameresco

In other Ameresco news, EVP Nicole E. Bulgarino purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $22.40 per share, for a total transaction of $336,000.00. Following the purchase, the executive vice president now owns 31,133 shares in the company, valued at $697,379.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO George P. Sakellaris bought 10,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $28.50 per share, for a total transaction of $285,000.00. Following the completion of the transaction, the chief executive officer now owns 1,085,000 shares of the company’s stock, valued at $30,922,500. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Nicole E. Bulgarino acquired 15,000 shares of the stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $22.40 per share, with a total value of $336,000.00. Following the completion of the transaction, the executive vice president now directly owns 31,133 shares of the company’s stock, valued at $697,379.20. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 70,000 shares of company stock worth $1,700,350. Company insiders own 41.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMRC. International Assets Investment Management LLC bought a new position in Ameresco in the 3rd quarter valued at $28,000. Tower Research Capital LLC TRC raised its position in shares of Ameresco by 302.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 849 shares of the utilities provider’s stock valued at $42,000 after buying an additional 638 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Ameresco during the 1st quarter valued at $50,000. RFP Financial Group LLC raised its position in shares of Ameresco by 2,259.6% during the 2nd quarter. RFP Financial Group LLC now owns 1,345 shares of the utilities provider’s stock valued at $65,000 after buying an additional 1,288 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ameresco during the 2nd quarter valued at $78,000. Hedge funds and other institutional investors own 61.61% of the company’s stock.

About Ameresco

(Get Free Report

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. The company operates through U.S. Regions, U.S. Federal, Canada, and Alternative Fuels segments. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.

Recommended Stories

Analyst Recommendations for Ameresco (NYSE:AMRC)

Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.