Ameresco Inc (AMRC) Receives Consensus Rating of “Buy” from Analysts

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Ameresco Inc (NYSE:AMRC) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.17.

A number of analysts have recently issued reports on the company. Oppenheimer lifted their target price on Ameresco from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Canaccord Genuity lifted their target price on Ameresco from $11.50 to $13.50 and gave the stock a “buy” rating in a research report on Friday, April 27th. Finally, ValuEngine raised Ameresco from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd.

Ameresco remained flat at $$14.15 during mid-day trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 98,502 shares, compared to its average volume of 116,759. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. Ameresco has a one year low of $6.30 and a one year high of $15.35. The stock has a market capitalization of $673.06 million, a price-to-earnings ratio of 18.62, a PEG ratio of 1.14 and a beta of 0.86.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.10 by $0.09. Ameresco had a return on equity of 13.83% and a net margin of 6.15%. The company had revenue of $196.98 million for the quarter, compared to analyst estimates of $182.50 million. During the same period last year, the company posted $0.13 earnings per share. The firm’s revenue was up 18.2% compared to the same quarter last year. research analysts predict that Ameresco will post 0.71 EPS for the current fiscal year.

In other news, insider Louis P. Maltezos sold 35,000 shares of Ameresco stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $14.91, for a total transaction of $521,850.00. Following the sale, the insider now directly owns 32,000 shares of the company’s stock, valued at $477,120. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Louis P. Maltezos sold 5,000 shares of Ameresco stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $11.15, for a total value of $55,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,000 shares of company stock worth $883,850. Corporate insiders own 57.93% of the company’s stock.

A number of large investors have recently bought and sold shares of AMRC. Bandera Partners LLC acquired a new position in Ameresco in the first quarter worth about $4,809,000. First Trust Advisors LP grew its stake in Ameresco by 623.5% in the second quarter. First Trust Advisors LP now owns 189,623 shares of the utilities provider’s stock worth $2,275,000 after purchasing an additional 163,413 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ameresco by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,289,714 shares of the utilities provider’s stock worth $15,476,000 after purchasing an additional 146,253 shares in the last quarter. BlackRock Inc. grew its stake in Ameresco by 13.3% in the second quarter. BlackRock Inc. now owns 970,738 shares of the utilities provider’s stock worth $11,649,000 after purchasing an additional 114,297 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new position in Ameresco in the first quarter worth about $1,306,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Ameresco Company Profile

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.

See Also: Market Capitalization – What it Means for Investors

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