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

Shares of Ameresco, Inc. (NYSE:AMRC) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $33.33.

A number of equities analysts have issued reports on the company. Canaccord Genuity Group cut their price target on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com raised Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Stifel Nicolaus upped their price target on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. UBS Group dropped their price objective on Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Robert W. Baird reduced their target price on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $11.80 on Friday. Ameresco has a twelve month low of $11.78 and a twelve month high of $39.68. The stock’s 50 day moving average is $22.27 and its 200-day moving average is $27.62. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $618.83 million, a price-to-earnings ratio of 11.80, a PEG ratio of 0.49 and a beta of 1.79.

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 the consensus estimate of $0.76 by $0.12. The firm had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. Sell-side analysts forecast that Ameresco will post 1.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Ameresco by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider’s stock worth $74,767,000 after purchasing an additional 37,359 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ameresco by 22.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after buying an additional 214,918 shares during the period. Wellington Management Group LLP raised its holdings in Ameresco by 81.3% during 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 period. First Trust Advisors LP lifted its position in shares of Ameresco by 124.4% during the fourth quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider’s stock worth $19,682,000 after acquiring an additional 464,737 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ameresco by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider’s stock worth $17,825,000 after acquiring an additional 4,177 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

About Ameresco

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.