Shares of Ameresco Inc (NYSE:AMRC) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $16.38.
AMRC has been the subject of several research reports. Roth Capital downgraded Ameresco from a “buy” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $14.00 in a research note on Thursday, October 4th. ValuEngine downgraded Ameresco from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Oppenheimer set a $17.00 price target on Ameresco and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Canaccord Genuity lifted their price target on Ameresco from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, November 1st.
In other news, Director Jennifer L. Miller purchased 2,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was acquired at an average price of $15.50 per share, with a total value of $31,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Francis V. Wisneski, Jr. sold 5,516 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $15.97, for a total transaction of $88,090.52. Following the completion of the transaction, the director now directly owns 110,676 shares of the company’s stock, valued at approximately $1,767,495.72. The disclosure for this sale can be found here. Insiders have sold a total of 29,016 shares of company stock valued at $420,156 in the last ninety days. Corporate insiders own 57.93% of the company’s stock.
A number of hedge funds have recently made changes to their positions in AMRC. Dupont Capital Management Corp acquired a new position in Ameresco in the 2nd quarter valued at about $380,000. First Trust Advisors LP raised its stake in Ameresco by 623.5% in the 2nd quarter. First Trust Advisors LP now owns 189,623 shares of the utilities provider’s stock valued at $2,275,000 after purchasing an additional 163,413 shares during the last quarter. Sei Investments Co. acquired a new position in Ameresco in the 2nd quarter valued at about $206,000. Schwab Charles Investment Management Inc. raised its stake in Ameresco by 23.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 97,720 shares of the utilities provider’s stock valued at $1,173,000 after purchasing an additional 18,798 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Ameresco by 4.5% in the 2nd quarter. Royce & Associates LP now owns 596,149 shares of the utilities provider’s stock valued at $7,154,000 after purchasing an additional 25,500 shares during the last quarter. 27.85% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE AMRC opened at $14.68 on Friday. The firm has a market cap of $687.34 million, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.11 and a beta of 0.44. Ameresco has a one year low of $7.65 and a one year high of $16.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 1.42.
Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, October 30th. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $205.40 million for the quarter, compared to analyst estimates of $208.40 million. Ameresco had a net margin of 6.43% and a return on equity of 14.06%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. Analysts forecast that Ameresco will post 0.77 EPS for the current year.
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
Recommended Story: What Are Treasury Bonds?
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.