Ameresco (NYSE:AMRC) Stock Gets Price Target Trim from Stifel Nicolaus

Ameresco (NYSE:AMRC) had its price target trimmed by Stifel Nicolaus from $38.00 to $37.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a buy rating on the utilities provider’s stock.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ameresco in a report on Tuesday, November 3rd. Jefferies Financial Group upgraded Ameresco to a “strong-buy” rating in a research note on Thursday, September 3rd. Robert W. Baird cut Ameresco from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $36.00 to $32.00 in a report on Tuesday, August 18th. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and raised their target price for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.71.

Ameresco Stock Down 1.6%

Shares of NYSE AMRC opened at $25.48 on Wednesday. The company’s 50-day simple moving average is $21.78 and its 200-day simple moving average is $26.07. Ameresco has a 52-week low of $18.09 and a 52-week high of $37.14. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 1.46 and a beta of 2.50. The company has a quick ratio of 1.66, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, November 9th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.31. Ameresco had a net margin of 2.01% and a return on equity of 4.68%. The business had revenue of $580.32 million during the quarter, compared to analysts’ expectations of $572.89 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts predict that Ameresco will post 1.61 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Brian C. Cox purchased 4,625 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $21.64 per share, for a total transaction of $100,085.00. Following the completion of the transaction, the director owned 44,325 shares of the company’s stock, valued at $959,193. The trade was a 11.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jennifer L. Miller acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of $20.96 per share, with a total value of $41,920.00. Following the purchase, the director owned 34,546 shares in the company, valued at $724,084.16. This represents a 6.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 29,325 shares of company stock valued at $628,664 over the last ninety days. 45.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMRC. Dimensional Fund Advisors LP grew its holdings in Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after buying an additional 167,068 shares in the last quarter. Candriam S.C.A. acquired a new stake in shares of Ameresco in the 3rd quarter worth $2,971,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Ameresco in the 1st quarter worth $3,089,000. Royce & Associates LP increased its stake in shares of Ameresco by 10.2% in the 3rd quarter. Royce & Associates LP now owns 1,100,165 shares of the utilities provider’s stock worth $22,784,000 after acquiring an additional 101,982 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in shares of Ameresco during the 2nd quarter worth $2,657,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Ameresco

These are some of the AMRC headlines that stood out recently:

• Positive Sentiment: Ameresco secured a $125 million financing facility from Nuveen to support growth in Europe, providing capital for expansion. Article: Ameresco secures $125 million financing facility
• Neutral Sentiment: Zacks reported a consensus price target suggesting substantial potential upside, while noting that price targets alone are not reliable predictors. Article: Ameresco consensus price target
• Negative Sentiment: A report said analysts cut their fair-value assessment and turned cautious over project timing, a concern that could delay expected revenue or cash flows. Stifel also lowered its price target to $37. Article: Analysts cautious on project timing Article: Stifel cuts price target

About Ameresco

Ameresco, Inc. is a clean-energy and energy-efficiency company that develops, designs, builds, and operates projects for public- and private-sector customers. Its clients include federal, state and local government agencies, schools, healthcare organizations, utilities, and commercial and industrial businesses. The company’s services include improving the energy performance of buildings and infrastructure, developing renewable-energy projects, and providing distributed energy systems, microgrids, energy storage, and related operations and maintenance.