Ameresco Inc (AMRC) Receives $16.40 Consensus PT from Brokerages

Shares of Ameresco Inc (NYSE:AMRC) have received an average rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.20.

A number of research firms have commented on AMRC. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, November 1st. Canaccord Genuity boosted their price target on shares of Ameresco from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. B. Riley began coverage on shares of Ameresco in a research note on Wednesday, December 19th. They issued a “buy” rating and a $17.50 price target for the company. TheStreet raised shares of Ameresco from a “c+” rating to a “b-” rating in a research note on Wednesday, November 7th. Finally, Oppenheimer set a $17.00 price target on shares of Ameresco and gave the stock a “buy” rating in a research note on Tuesday, October 30th.

In other news, insider Michael T. Bakas sold 13,108 shares of the company’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $15.26, for a total value of $200,028.08. Following the completion of the sale, the insider now owns 136,107 shares of the company’s stock, valued at approximately $2,076,992.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer L. Miller acquired 2,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was acquired at an average cost of $15.50 per share, with a total value of $31,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 19,408 shares of company stock valued at $298,294 in the last ninety days. 57.93% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its holdings in Ameresco by 44.7% during the 4th quarter. Rhumbline Advisers now owns 26,816 shares of the utilities provider’s stock valued at $378,000 after buying an additional 8,288 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Ameresco by 9.5% during the 4th quarter. Handelsbanken Fonder AB now owns 415,442 shares of the utilities provider’s stock valued at $5,858,000 after buying an additional 36,092 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Ameresco during the 4th quarter valued at $189,000. Nachman Norwood & Parrott Inc bought a new stake in Ameresco during the 4th quarter valued at $180,000. Finally, Meeder Asset Management Inc. bought a new stake in Ameresco during the 4th quarter valued at $25,000. Institutional investors own 27.50% of the company’s stock.

AMRC stock traded up $0.13 during midday trading on Friday, reaching $15.06. The company had a trading volume of 82,891 shares, compared to its average volume of 90,808. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.42 and a quick ratio of 1.39. Ameresco has a 1 year low of $7.75 and a 1 year high of $16.59. The stock has a market cap of $692.40 million, a PE ratio of 19.82, a P/E/G ratio of 1.05 and a beta of 0.59.

About Ameresco

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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