Ameresco, Inc. (NYSE:AMRC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Ameresco, Inc. (NYSE:AMRC) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $36.00.

Several equities research analysts have commented on the stock. BNP Paribas Exane reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Ameresco in a report on Tuesday, October 21st. UBS Group upgraded shares of Ameresco from a “sell” rating to a “neutral” rating and upped their price target for the company from $11.00 to $23.00 in a research note on Monday, August 18th. Roth Capital raised their price objective on shares of Ameresco from $31.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Jefferies Financial Group set a $45.00 price objective on shares of Ameresco and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings raised shares of Ameresco from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, November 25th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ameresco by 2.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock worth $1,159,000 after acquiring an additional 799 shares in the last quarter. Swiss National Bank boosted its stake in Ameresco by 1.6% during the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock worth $2,142,000 after acquiring an additional 1,000 shares in the last quarter. Creative Planning grew its holdings in Ameresco by 10.7% in the third quarter. Creative Planning now owns 11,115 shares of the utilities provider’s stock worth $373,000 after purchasing an additional 1,070 shares during the period. Harvest Portfolios Group Inc. increased its stake in shares of Ameresco by 12.4% during the first quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,390 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Ameresco during the third quarter valued at approximately $50,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Price Performance

Ameresco stock opened at $34.71 on Monday. The business’s 50 day simple moving average is $36.51 and its 200 day simple moving average is $25.30. Ameresco has a 12 month low of $8.49 and a 12 month high of $44.93. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 1.93 and a beta of 2.42. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, November 3rd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The firm had revenue of $525.99 million for the quarter, compared to analyst estimates of $518.41 million. During the same period in the previous year, the company posted $0.33 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Sell-side analysts forecast that Ameresco will post 1.15 EPS for the current year.

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.