Ameresco (NYSE:AMRC) has been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.38.
A number of research firms have recently commented on AMRC. ValuEngine cut Ameresco to a “strong-buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut Ameresco from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Roth Capital set a $13.00 price target on Ameresco and gave the stock a “buy” rating in a report on Wednesday, March 7th. Finally, Canaccord Genuity set a $11.50 price target on Ameresco and gave the stock a “buy” rating in a report on Sunday, March 4th.
Shares of Ameresco stock traded down $0.40 during trading on Monday, reaching $12.55. 131,356 shares of the company’s stock were exchanged, compared to its average volume of 237,496. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.42. Ameresco has a 1-year low of $5.25 and a 1-year high of $13.20. The stock has a market capitalization of $589.26, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.37 and a beta of 0.75.
Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Tuesday, March 6th. The utilities provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.34. Ameresco had a return on equity of 11.18% and a net margin of 5.23%. The company had revenue of $211.10 million during the quarter, compared to analysts’ expectations of $187.00 million. During the same quarter in the previous year, the firm earned $0.08 EPS. Ameresco’s revenue was up 21.2% on a year-over-year basis. research analysts forecast that Ameresco will post 0.61 earnings per share for the current year.
In other Ameresco news, EVP Joseph P. Demanche sold 12,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $9.20, for a total value of $115,000.00. Following the completion of the transaction, the executive vice president now owns 127,500 shares of the company’s stock, valued at approximately $1,173,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Louis P. Maltezos sold 5,000 shares of the company’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $12.49, for a total value of $62,450.00. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $62,450. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,240 shares of company stock valued at $1,440,550. Insiders own 58.36% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of Ameresco by 121.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,587 shares of the utilities provider’s stock valued at $151,000 after buying an additional 9,651 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Ameresco by 8.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock valued at $146,000 after buying an additional 1,529 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Ameresco in the third quarter valued at about $167,000. Wells Fargo & Company MN increased its stake in shares of Ameresco by 23.0% in the third quarter. Wells Fargo & Company MN now owns 34,639 shares of the utilities provider’s stock valued at $270,000 after buying an additional 6,469 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Ameresco by 15.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,465 shares of the utilities provider’s stock valued at $658,000 after buying an additional 10,376 shares during the period. 25.78% of the stock is owned by institutional investors and hedge funds.
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Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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