Ameresco, Inc. (NYSE:AMRC) Stock Has Average Target Price of $41.89 According to Brokerages

Ameresco, Inc. (NYSE:AMRC) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $41.89.

AMRC has been the topic of a number of analyst reports. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Cantor Fitzgerald cut their target price on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. UBS Group lifted their price target on Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Zacks Research lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, Robert W. Baird restated a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th.

Insiders Place Their Bets

In other Ameresco news, Director Joseph W. Sutton purchased 9,700 shares of the stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $20.87 per share, for a total transaction of $202,439.00. Following the acquisition, the director owned 80,246 shares in the company, valued at $1,674,734.02. This trade represents a 13.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. Cox acquired 39,700 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $25.07 per share, with a total value of $995,279.00. Following the completion of the transaction, the director directly owned 39,700 shares in the company, valued at approximately $995,279. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 75,025 shares of company stock valued at $1,778,963. 45.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AMRC. Fifth Third Bancorp acquired a new stake in shares of Ameresco during the first quarter valued at about $44,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Ameresco in the 4th quarter worth approximately $48,000. Optiver Holding B.V. lifted its holdings in shares of Ameresco by 550.8% in the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 2,005 shares during the last quarter. Northside Capital Management LLC purchased a new position in shares of Ameresco during the 2nd quarter worth approximately $207,000. Finally, Entropy Technologies LP purchased a new position in shares of Ameresco during the 1st quarter worth approximately $216,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Trading Up 2.8%

AMRC stock opened at $21.59 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. Ameresco has a 12-month low of $18.38 and a 12-month high of $44.93. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 1.61 and a beta of 2.62. The business’s 50-day moving average is $23.20 and its 200 day moving average is $26.12.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same quarter last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, sell-side analysts anticipate that Ameresco will post 1.22 EPS for the current fiscal year.

About Ameresco

Ameresco, Inc (NYSE:AMRC) is an energy services and renewable energy company that helps organizations improve energy efficiency, reduce operating costs and transition to lower-carbon energy sources. The company serves public- and private-sector customers, including government agencies, utilities, educational institutions, health care organizations and commercial and industrial businesses.

Ameresco’s services include energy audits, project development, engineering, construction, energy management and long-term operations and maintenance.