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

Ameresco, Inc. (NYSE:AMRC) has been assigned a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $41.89.

AMRC has been the subject of a number of recent analyst reports. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and raised their price target for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. UBS Group raised their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Cantor Fitzgerald cut their price target on Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. Finally, Jefferies Financial Group upgraded Ameresco to a “strong-buy” rating in a research report on Thursday, September 3rd.

Insider Activity

In other news, Director Jennifer Miller bought 2,000 shares of Ameresco stock in a transaction on Monday, August 24th. The stock was purchased at an average cost of $20.96 per share, with a total value of $41,920.00. Following the purchase, the director directly owned 34,546 shares of the company’s stock, valued at approximately $724,084.16. This trade represents a 6.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Sakellaris bought 3,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was purchased at an average price of $22.13 per share, with a total value of $66,390.00. Following the transaction, the chief executive officer owned 1,013,597 shares in the company, valued at $22,430,901.61. The trade was a 0.30% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 75,025 shares of company stock valued at $1,778,963. 45.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC lifted its holdings in shares of Ameresco by 21.3% in the third quarter. Inspire Investing LLC now owns 30,157 shares of the utilities provider’s stock valued at $625,000 after buying an additional 5,304 shares during the period. Eagle Harbor Asset Management Inc. ADV boosted its stake in Ameresco by 10.7% during the third quarter. Eagle Harbor Asset Management Inc. ADV now owns 24,831 shares of the utilities provider’s stock valued at $514,000 after buying an additional 2,398 shares in the last quarter. Vanguard Capital Wealth Advisors acquired a new position in Ameresco during the third quarter worth about $389,000. NorthCrest Asset Manangement LLC grew its holdings in Ameresco by 7.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider’s stock worth $288,000 after acquiring an additional 940 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Ameresco by 458.8% during the third quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 1,037 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Stock Down 1.2%

Shares of AMRC opened at $18.30 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The firm has a market cap of $971.18 million, a PE ratio of 35.19, a price-to-earnings-growth ratio of 1.38 and a beta of 2.62. The company’s fifty day moving average is $21.94 and its two-hundred day moving average is $26.70. Ameresco has a fifty-two week low of $18.27 and a fifty-two week high of $42.83.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results 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 net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. During the same period in the previous year, the company posted $0.27 earnings per share. Ameresco’s revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts forecast that Ameresco will post 1.22 earnings per share for the current year.

Ameresco Company Profile

Ameresco, Inc (NYSE:AMRC) is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company’s offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.