Brokerages Set Ameresco, Inc. (NYSE:AMRC) PT at $33.33

Ameresco, Inc. (NYSE:AMRC) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $28.33.

AMRC has been the subject of several research reports. Robert W. Baird decreased their price target on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. Canaccord Genuity Group lowered their price target on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus cut their price target on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday. UBS Group cut 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. Finally, StockNews.com upgraded Ameresco to a “sell” rating in a report on Tuesday, November 12th.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction 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 directly owns 17,225 shares of the company’s stock, valued at $362,758.50. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George P. Sakellaris acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $9.96 per share, for a total transaction of $498,000.00. Following the completion of the transaction, the chief executive officer now directly owns 903,638 shares of the company’s stock, valued at approximately $9,000,234.48. This trade represents a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 80,408 shares of company stock worth $781,206 over the last 90 days. Company insiders own 42.00% of the company’s stock.

Institutional Trading of Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of AMRC. Blue Trust Inc. raised its holdings in Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 391 shares during the period. Cetera Trust Company N.A grew its position in shares of Ameresco by 6.9% in the fourth 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 stake in shares of Ameresco by 1.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider’s stock worth $977,000 after purchasing an additional 747 shares during the period. Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 859 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Ameresco by 10.4% in the 4th quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 1,930 shares during the period. Institutional investors own 99.24% of the company’s stock.

Ameresco Price Performance

Shares of NYSE AMRC opened at $11.11 on Friday. The company has a fifty day moving average price of $20.98 and a 200 day moving average price of $27.01. The firm has a market cap of $582.75 million, a PE ratio of 11.11, a PEG ratio of 0.49 and a beta of 2.07. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco has a 1-year low of $9.04 and a 1-year high of $39.68.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. Research analysts predict that Ameresco will post 1.15 earnings per share for the current fiscal 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.