Ameresco, Inc. (NYSE:AMRC) Given Consensus Rating of “Moderate Buy” by Analysts

Ameresco, Inc. (NYSE:AMRC) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.63.

A number of brokerages recently issued reports on AMRC. Robert W. Baird decreased their price target on Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus decreased their target price on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Canaccord Genuity Group cut their price target on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, UBS Group lowered shares of Ameresco from a “buy” rating to a “sell” rating and decreased their price objective for the company from $37.00 to $8.00 in a report on Tuesday, March 4th.

Insider Activity

In related news, Director Jennifer L. Miller sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the transaction, the director now owns 17,225 shares in the company, valued at $362,758.50. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George P. Sakellaris acquired 50,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $9.96 per share, with a total value of $498,000.00. Following the transaction, the chief executive officer now directly owns 903,638 shares in the company, valued at approximately $9,000,234.48. This represents a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. Company insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Several hedge funds have recently modified their holdings of the stock. Cetera Trust Company N.A grew its stake in Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 440 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ameresco by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider’s stock worth $977,000 after buying an additional 747 shares during the period. Bank of New York Mellon Corp raised its position in Ameresco by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider’s stock worth $2,389,000 after buying an additional 859 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Ameresco by 10.4% during the 4th quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock valued at $482,000 after acquiring an additional 1,930 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Ameresco by 6.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider’s stock worth $711,000 after acquiring an additional 1,967 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Up 1.0 %

NYSE AMRC opened at $12.42 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco has a 52 week low of $9.04 and a 52 week high of $39.68. The firm has a market capitalization of $652.40 million, a price-to-earnings ratio of 12.42, a PEG ratio of 0.49 and a beta of 2.07. The company has a fifty day moving average of $16.73 and a two-hundred day moving average of $24.95.

Ameresco (NYSE:AMRC) last issued its quarterly 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 company had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. On average, analysts predict that Ameresco will post 1.15 earnings per share for the current year.

About Ameresco

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.