Ameresco, Inc. (NYSE:AMRC) Receives $42.56 Average Price Target from Brokerages

Ameresco, Inc. (NYSE:AMRC) has been given an average rating of “Hold” by the thirteen research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $42.5556.

A number of research firms have recently weighed in on AMRC. Cantor Fitzgerald raised their target price on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Zacks Research lowered Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. UBS Group dropped their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Guggenheim started coverage on shares of Ameresco in a report on Friday, May 22nd. They set a “neutral” rating on the stock. Finally, Robert W. Baird reduced their target price on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th.

Ameresco Trading Up 0.1%

NYSE:AMRC opened at $36.02 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. Ameresco has a one year low of $12.96 and a one year high of $44.93. The company has a market cap of $1.91 billion, a PE ratio of 62.10, a PEG ratio of 2.97 and a beta of 2.58. The firm has a 50-day moving average of $28.45 and a 200-day moving average of $30.13.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The business had revenue of $401.46 million during the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. Ameresco’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, equities research analysts expect that Ameresco will post 1.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jennifer L. Miller sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the transaction, the director owned 22,111 shares in the company, valued at $713,521.97. The trade was a 31.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total value of $302,900.00. Following the completion of the transaction, the director directly owned 25,232 shares of the company’s stock, valued at approximately $764,277.28. This represents a 28.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 21,730 shares of company stock valued at $681,213. Corporate insiders own 45.10% of the company’s stock.

Institutional Trading of Ameresco

A number of hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares during the last quarter. First Trust Advisors LP increased its position in shares of Ameresco by 503.4% during the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after purchasing an additional 889,820 shares during the last quarter. Royce & Associates LP increased its position in shares of Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after purchasing an additional 640,106 shares during the last quarter. Granahan Investment Management LLC raised its stake in shares of Ameresco by 108.4% during the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after purchasing an additional 462,875 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Ameresco by 91.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock worth $20,327,000 after purchasing an additional 289,381 shares during the period. 99.24% of the stock is currently owned by institutional investors.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.