Shares of Ameresco, Inc. (NYSE:AMRC – Get Rating) have earned an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $64.07.
A number of analysts have commented on the stock. B. Riley reduced their price objective on shares of Ameresco from $72.00 to $63.00 in a research note on Tuesday, April 25th. Raymond James reduced their price objective on shares of Ameresco from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 5th. VNET Group reaffirmed a “maintains” rating on shares of Ameresco in a research note on Thursday, May 18th. Roth Capital raised Ameresco from a “sell” rating to a “neutral” rating and set a $44.00 price objective for the company in a research note on Wednesday, March 1st. Finally, Piper Sandler raised Ameresco from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $57.00 to $64.00 in a research note on Friday, March 10th.
Insider Activity at Ameresco
In other Ameresco news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $213,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 41.88% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Ameresco Stock Down 3.3 %
Ameresco stock opened at $42.87 on Friday. The company has a 50-day simple moving average of $44.15 and a 200-day simple moving average of $52.82. The firm has a market capitalization of $2.23 billion, a P/E ratio of 28.97, a P/E/G ratio of 1.06 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.23 and a current ratio of 1.25. Ameresco has a one year low of $39.62 and a one year high of $76.54.
Ameresco (NYSE:AMRC – Get Rating) last issued its quarterly earnings results on Monday, May 1st. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Ameresco had a net margin of 4.85% and a return on equity of 9.74%. The business had revenue of $271.04 million during the quarter, compared to analyst estimates of $231.61 million. During the same period in the previous year, the company posted $0.36 earnings per share. Ameresco’s revenue was down 42.8% compared to the same quarter last year. As a group, equities analysts expect that Ameresco will post 1.8 earnings per share for the current year.
Ameresco, Inc engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other.
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