Ameresco, Inc. (NYSE:AMRC) Receives $42.56 Average Price Target from Analysts

Ameresco, Inc. (NYSE:AMRC) has been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.5556.

A number of analysts recently weighed in on the stock. Cantor Fitzgerald raised their price target on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Zacks Research raised shares of Ameresco from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $38.00 target price (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Finally, Canaccord Genuity Group lifted their target price on shares of Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th.

Ameresco Stock Performance

Shares of Ameresco stock opened at $27.72 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a market cap of $1.47 billion, a P/E ratio of 47.79, a P/E/G ratio of 2.28 and a beta of 2.58. The firm has a 50 day simple moving average of $29.68 and a 200 day simple moving average of $29.59. Ameresco has a fifty-two week low of $14.68 and a fifty-two week high of $44.93.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The company had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Sell-side analysts predict that Ameresco will post 1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ameresco news, Director Nickolas Stavropoulos sold 1,355 shares of Ameresco stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $479,774. The trade was a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of Ameresco stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the sale, the director directly owned 22,111 shares of the company’s stock, valued at $713,521.97. This represents a 31.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 26,355 shares of company stock valued at $852,270. Company insiders own 45.10% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Wyoming bought a new position in shares of Ameresco during the fourth quarter worth $27,000. Fifth Third Bancorp bought a new position in shares of Ameresco during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Ameresco during the fourth quarter worth $48,000. Tower Research Capital LLC TRC lifted its position in Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Ameresco in the 4th quarter valued at $55,000. 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.