Ameresco, Inc. (NYSE:AMRC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Ameresco, Inc. (NYSE:AMRC) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.63.

AMRC has been the topic of several analyst reports. Canaccord Genuity Group dropped their price target on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Stifel Nicolaus decreased their price target on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Robert W. Baird lowered their target price on Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Finally, UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and dropped their target price for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th.

Ameresco Stock Down 0.9 %

Shares of NYSE:AMRC opened at $12.79 on Wednesday. The company has a market capitalization of $672.00 million, a PE ratio of 12.79, a PEG ratio of 0.49 and a beta of 2.07. Ameresco has a 52 week low of $9.04 and a 52 week high of $39.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27. The company has a 50 day moving average price of $17.41 and a two-hundred day moving average price of $25.35.

Ameresco (NYSE:AMRC) last announced its earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The business had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. Analysts forecast that Ameresco will post 1.15 earnings per share for the current year.

Insider Transactions at Ameresco

In related news, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the sale, the director now directly owns 17,225 shares in the company, valued at $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Francis V. Wisneski, Jr. bought 3,500 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $9.67 per share, with a total value of $33,845.00. Following the transaction, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. This trade represents a 24.58 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 80,808 shares of company stock worth $785,274 and have sold 40,085 shares worth $843,378. Company insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cetera Trust Company N.A grew its stake in shares of Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after buying an additional 440 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ameresco by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider’s stock valued at $977,000 after acquiring an additional 747 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Ameresco by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider’s stock valued at $2,389,000 after acquiring an additional 859 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Ameresco by 10.4% during the fourth quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 1,930 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Ameresco by 6.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider’s stock worth $711,000 after purchasing an additional 1,967 shares in the last quarter. 99.24% of the stock is 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.