Analysts’ Recent Ratings Changes for Ameresco (AMRC)

Several analysts have recently updated their ratings and price targets for Ameresco (NYSE: AMRC):

• 4/22/2024 – Ameresco had its price target lowered by analysts at Truist Financial Co. from $40.00 to $37.00. They now have a “buy” rating on the stock.
• 4/17/2024 – Ameresco had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 4/16/2024 – Ameresco was upgraded by analysts at StockNews.com to a “sell” rating.
• 4/11/2024 – Ameresco had its price target lowered by analysts at Piper Sandler from $32.00 to $30.00. They now have an “overweight” rating on the stock.
• 4/3/2024 – Ameresco had its price target lowered by analysts at Raymond James from $40.00 to $35.00. They now have an “outperform” rating on the stock.
• 3/12/2024 – Ameresco was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating. They now have a $34.00 price target on the stock.
• 3/5/2024 – Ameresco had its price target lowered by analysts at Piper Sandler from $42.00 to $32.00. They now have an “overweight” rating on the stock.
• 2/29/2024 – Ameresco had its “neutral” rating reaffirmed by analysts at Guggenheim.
• 2/29/2024 – Ameresco had its price target lowered by analysts at Canaccord Genuity Group Inc. from $50.00 to $36.00. They now have a “buy” rating on the stock.

Ameresco Stock Up 1.9 %

Shares of AMRC stock traded up $0.40 during trading hours on Wednesday, reaching $21.29. 437,634 shares of the company’s stock were exchanged, compared to its average volume of 540,890. The stock’s 50 day moving average is $21.22 and its 200-day moving average is $25.54. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 0.55 and a beta of 1.56. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26. Ameresco, Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $63.19.

Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The firm had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. During the same period in the prior year, the firm earned $0.35 EPS. The firm’s revenue was up 33.1% on a year-over-year basis. Analysts predict that Ameresco, Inc. will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMRC. Wellington Management Group LLP grew its stake in shares of Ameresco by 17.8% during the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider’s stock worth $45,083,000 after purchasing an additional 176,971 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Ameresco by 32.6% in the third quarter. First Eagle Investment Management LLC now owns 284,617 shares of the utilities provider’s stock valued at $10,975,000 after buying an additional 69,997 shares during the last quarter. Boston Partners purchased a new stake in shares of Ameresco in the third quarter valued at about $2,143,000. Deutsche Bank AG raised its holdings in Ameresco by 16.6% during the third quarter. Deutsche Bank AG now owns 17,058 shares of the utilities provider’s stock worth $658,000 after purchasing an additional 2,426 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Ameresco by 20.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 292,411 shares of the utilities provider’s stock worth $11,275,000 after purchasing an additional 48,737 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

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.