Ameresco (NYSE:AMRC) Trading Up 17% – Should You Buy?

Ameresco, Inc. (NYSE:AMRC)’s share price traded up 17% during trading on Friday . The company traded as high as $31.28 and last traded at $31.17. 487,029 shares were traded during trading, a decline of 4% from the average session volume of 509,461 shares. The stock had previously closed at $26.63.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of Ameresco in a report on Friday, January 23rd. They issued an “overweight” rating and a $41.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ameresco in a research report on Monday, December 29th. Roth Mkm restated a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Stifel Nicolaus raised their price objective on Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, BNP Paribas Exane raised Ameresco to a “hold” rating in a research report on Tuesday, October 21st. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Ameresco currently has a consensus rating of “Moderate Buy” and an average price target of $37.80.

Ameresco Stock Performance

The firm has a 50 day moving average of $31.27 and a 200-day moving average of $30.46. The company has a market cap of $1.64 billion, a P/E ratio of 26.03, a PEG ratio of 1.04 and a beta of 2.53. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.57.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, November 3rd. The utilities provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.09. Ameresco had a return on equity of 6.97% and a net margin of 3.34%.The business had revenue of $525.99 million during the quarter, compared to analysts’ expectations of $518.41 million. During the same period in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new stake in shares of Ameresco during the 3rd quarter worth $50,000. Tower Research Capital LLC TRC lifted its position in shares of Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ameresco during the third quarter valued at about $76,000. Nkcfo LLC bought a new stake in shares of Ameresco in the 3rd quarter valued at about $107,000. Finally, Cetera Trust Company N.A grew its position in shares of Ameresco by 35.5% in the 2nd quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock worth $140,000 after buying an additional 2,415 shares during the last quarter. 99.24% of the stock is owned by institutional investors.

About Ameresco

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.