Ameresco (NYSE:AMRC) PT Raised to $42.00 at Robert W. Baird

Ameresco (NYSE:AMRC) had its target price upped by equities research analysts at Robert W. Baird from $32.00 to $42.00 in a report released on Monday, Benzinga reports. The firm presently has an “outperform” rating on the utilities provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 11.26% from the company’s current price.

A number of other analysts have also recently commented on AMRC. Jefferies Financial Group assumed coverage on Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target for the company. StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Saturday, August 17th. B. Riley upgraded shares of Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. Piper Sandler dropped their price objective on Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, UBS Group boosted their target price on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.46.

Ameresco Trading Down 0.1 %

Shares of NYSE AMRC opened at $37.75 on Monday. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $42.82. The firm has a market capitalization of $1.98 billion, a P/E ratio of 34.32, a P/E/G ratio of 1.15 and a beta of 1.78. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. The company’s 50 day simple moving average is $30.82 and its 200 day simple moving average is $28.21.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The company had revenue of $437.98 million for the quarter, compared to analyst estimates of $373.75 million. Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. On average, analysts predict that Ameresco will post 1.16 EPS for the current year.

Insider Transactions at Ameresco

In other news, CFO Spencer Doran Hole sold 5,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,878 shares in the company, valued at approximately $49,823.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 5,221 shares of company stock valued at $140,814 over the last 90 days. 42.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ameresco

Several large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in Ameresco during the second quarter worth $86,000. Maven Securities LTD acquired a new position in shares of Ameresco during the 2nd quarter worth about $360,000. Point72 Asset Management L.P. bought a new stake in shares of Ameresco in the 2nd quarter valued at about $10,821,000. Ironwood Investment Management LLC lifted its stake in Ameresco by 60.1% in the 2nd quarter. Ironwood Investment Management LLC now owns 22,895 shares of the utilities provider’s stock valued at $660,000 after purchasing an additional 8,599 shares during the last quarter. Finally, Algert Global LLC lifted its stake in Ameresco by 113.3% in the 2nd quarter. Algert Global LLC now owns 119,183 shares of the utilities provider’s stock valued at $3,434,000 after purchasing an additional 63,313 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.