Ameresco, Inc. (NYSE:AMRC) Receives $27.63 Consensus Price Target from Brokerages

Ameresco, Inc. (NYSE:AMRC) has been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $27.63.

A number of equities analysts have recently issued reports on AMRC shares. Stifel Nicolaus cut their price objective on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Robert W. Baird cut their price target on Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. UBS Group cut Ameresco from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $37.00 to $8.00 in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group cut their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, February 28th.

Ameresco Price Performance

Shares of AMRC stock opened at $12.42 on Wednesday. Ameresco has a twelve month low of $9.04 and a twelve month high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The stock has a fifty day simple moving average of $16.73 and a two-hundred day simple moving average of $25.04. The stock has a market capitalization of $652.40 million, a price-to-earnings ratio of 12.42, a P/E/G ratio of 0.49 and a beta of 2.07.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $532.67 million during the quarter, compared to analyst estimates of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. On average, analysts predict that Ameresco will post 1.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Francis V. Wisneski, Jr. acquired 3,500 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the purchase, the director now owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This represents a 24.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George P. Sakellaris bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the completion of the transaction, the chief executive officer now owns 903,638 shares in the company, valued at $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. Corporate insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Ameresco

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its holdings in Ameresco by 124.4% in the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock worth $19,682,000 after buying an additional 464,737 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Ameresco by 81.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after acquiring an additional 450,571 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Ameresco by 59.6% in the fourth quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock worth $14,403,000 after acquiring an additional 229,128 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ameresco by 22.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after purchasing an additional 214,918 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Ameresco by 87.7% during the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after purchasing an additional 196,776 shares during the period. 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.