Ameresco, Inc. (NYSE:AMRC) Receives $24.86 Average Price Target from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have received an average rating of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.83.

Several brokerages have recently weighed in on AMRC. Stifel Nicolaus decreased their price objective on Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Robert W. Baird reissued a "neutral" rating and issued a $13.00 price target (down previously from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. UBS Group downgraded shares of Ameresco from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Baird R W cut shares of Ameresco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group cut their price target on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating for the company in a research note on Friday, February 28th.

Insiders Place Their Bets

In other news, CEO George P. Sakellaris bought 25,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $9.27 per share, with a total value of $231,750.00. Following the purchase, the chief executive officer now owns 978,638 shares of the company's stock, valued at approximately $9,071,974.26. This represents a 2.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jennifer L. Miller sold 40,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now directly owns 17,225 shares in the company, valued at $362,758.50. This trade represents a 69.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 80,808 shares of company stock valued at $785,274 and sold 40,085 shares valued at $843,378. Insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Ameresco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in Ameresco by 124.4% during the 4th quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after acquiring an additional 464,737 shares during the last quarter. DnB Asset Management AS grew its stake in Ameresco by 59.6% in the fourth quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider's stock valued at $14,403,000 after acquiring an additional 229,128 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock worth $27,230,000 after acquiring an additional 214,918 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Ameresco by 731.8% during the first quarter. Harbor Capital Advisors Inc. now owns 230,705 shares of the utilities provider's stock worth $2,787,000 after purchasing an additional 202,970 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Ameresco by 87.7% during the 4th quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock valued at $9,888,000 after purchasing an additional 196,776 shares in the last quarter. Institutional investors own 99.24% of the company's stock.

Ameresco Stock Performance

Shares of AMRC stock traded up $0.22 during trading hours on Friday, reaching $9.63. 27,794 shares of the company's stock were exchanged, compared to its average volume of 500,617. Ameresco has a fifty-two week low of $8.49 and a fifty-two week high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $505.97 million, a P/E ratio of 9.69, a P/E/G ratio of 0.49 and a beta of 2.02. The business has a fifty day moving average price of $12.31 and a 200-day moving average price of $21.60.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $532.67 million during the quarter, compared to analysts' expectations of $524.31 million. Analysts predict that Ameresco will post 1.15 EPS for the current fiscal year.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.