Shares of Ameresco Inc (NYSE:AMRC) have earned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.17.
A number of analysts recently issued reports on AMRC shares. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Thursday, March 8th. Canaccord Genuity set a $11.50 price target on shares of Ameresco and gave the stock a “buy” rating in a research note on Sunday, March 4th. Roth Capital set a $13.00 price target on shares of Ameresco and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Oppenheimer lifted their price target on shares of Ameresco from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 2nd. Finally, ValuEngine lowered shares of Ameresco to a “strong-buy” rating in a research note on Monday, April 2nd.
Shares of NYSE:AMRC traded down $0.35 during midday trading on Friday, reaching $12.05. The company had a trading volume of 106,348 shares, compared to its average volume of 130,295. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.64. The firm has a market cap of $587.44 million, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. Ameresco has a one year low of $5.25 and a one year high of $13.20.
Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Tuesday, May 1st. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.12. The business had revenue of $167.40 million during the quarter, compared to analyst estimates of $140.03 million. Ameresco had a net margin of 6.02% and a return on equity of 13.66%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share. equities research analysts forecast that Ameresco will post 0.66 EPS for the current fiscal year.
In other Ameresco news, insider David Anderson sold 44,930 shares of the business’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $12.19, for a total transaction of $547,696.70. Following the completion of the sale, the insider now owns 420,456 shares in the company, valued at $5,125,358.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Louis P. Maltezos sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $11.76, for a total transaction of $58,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 280,000 shares of company stock valued at $3,429,221. 57.93% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in Ameresco by 121.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,587 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 9,651 shares during the last quarter. Barclays PLC grew its position in shares of Ameresco by 536.3% during the first quarter. Barclays PLC now owns 18,854 shares of the utilities provider’s stock worth $246,000 after acquiring an additional 15,891 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of Ameresco during the first quarter worth about $287,000. ZPR Investment Management bought a new position in shares of Ameresco during the first quarter worth about $336,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Ameresco by 15.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,465 shares of the utilities provider’s stock worth $658,000 after acquiring an additional 10,376 shares during the last quarter. Hedge funds and other institutional investors own 24.85% of the company’s stock.
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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