Ameresco, Inc. (NYSE:AMRC) Given Average Recommendation of “Moderate Buy” by Analysts
Ameresco, Inc. (NYSE:AMRC – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $54.85.
A number of brokerages recently issued reports on AMRC. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research note on Tuesday, November 7th. Piper Sandler decreased their price objective on shares of Ameresco from $64.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, October 6th. Raymond James decreased their target price on shares of Ameresco from $55.00 to $40.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 7th. Roth Capital raised shares of Ameresco from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 25th. Finally, Roth Mkm raised shares of Ameresco from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Wednesday, October 25th.
View Our Latest Research Report on AMRC
Ameresco Trading Down 0.5 %
Shares of AMRC stock opened at $30.21 on Thursday. The firm has a 50 day moving average price of $29.78 and a two-hundred day moving average price of $41.54. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $1.58 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. Ameresco has a 12-month low of $18.40 and a 12-month high of $65.86.
Ameresco (NYSE:AMRC – Get Free Report) last announced its earnings results on Monday, November 6th. The utilities provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.07). Ameresco had a return on equity of 5.59% and a net margin of 3.69%. The business had revenue of $335.15 million for the quarter, compared to the consensus estimate of $385.05 million. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was down 24.1% compared to the same quarter last year. As a group, analysts predict that Ameresco will post 1.17 earnings per share for the current year.
Insiders Place Their Bets
In other Ameresco news, CEO George P. Sakellaris sold 1,072 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $43.51, for a total value of $46,642.72. Following the completion of the sale, the chief executive officer now directly owns 773,720 shares of the company’s stock, valued at approximately $33,664,557.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO George P. Sakellaris sold 1,072 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $43.51, for a total transaction of $46,642.72. Following the sale, the chief executive officer now directly owns 773,720 shares in the company, valued at approximately $33,664,557.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George P. Sakellaris purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $29.19 per share, for a total transaction of $145,950.00. Following the completion of the purchase, the chief executive officer now directly owns 1,100,000 shares in the company, valued at approximately $32,109,000. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 70,000 shares of company stock valued at $1,700,350 and sold 1,507 shares valued at $65,570. 41.75% of the stock is currently owned by insiders.
Institutional Trading of Ameresco
A number of institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. lifted its stake in Ameresco by 9.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,657 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 234 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Ameresco by 1.5% in the 2nd quarter. MetLife Investment Management LLC now owns 16,887 shares of the utilities provider’s stock worth $821,000 after purchasing an additional 250 shares in the last quarter. Connors Investor Services Inc. lifted its stake in Ameresco by 0.5% in the 4th quarter. Connors Investor Services Inc. now owns 56,043 shares of the utilities provider’s stock worth $3,202,000 after purchasing an additional 263 shares in the last quarter. PFG Investments LLC lifted its stake in Ameresco by 3.7% in the 2nd quarter. PFG Investments LLC now owns 10,626 shares of the utilities provider’s stock worth $517,000 after purchasing an additional 375 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Ameresco by 5.1% in the 1st quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock worth $658,000 after buying an additional 399 shares during the last quarter. 61.61% of the stock is currently owned by hedge funds and other institutional investors.
Ameresco Company Profile (Get Free Report
Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. The company operates through U.S. Regions, U.S. Federal, Canada, and Alternative Fuels segments. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.
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