UBS Group Increases Ameresco (NYSE:AMRC) Price Target to $40.00

Ameresco (NYSE:AMRC) had its price objective upped by UBS Group from $39.00 to $40.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

Several other equities analysts have also commented on AMRC. Jefferies Financial Group started coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a hold rating and a $33.00 price objective for the company. StockNews.com raised shares of Ameresco to a sell rating in a report on Saturday, August 17th. Piper Sandler decreased their price objective on Ameresco from $37.00 to $35.00 and set an overweight rating for the company in a research note on Tuesday, August 6th. Robert W. Baird reiterated an outperform rating and issued a $32.00 price target on shares of Ameresco in a research note on Tuesday, August 27th. Finally, B. Riley raised Ameresco to a strong-buy rating in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $37.69.

Ameresco Price Performance

Shares of Ameresco stock opened at $29.41 on Thursday. The company has a fifty day moving average of $29.37 and a 200-day moving average of $26.96. Ameresco has a 52-week low of $17.55 and a 52-week high of $47.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.78.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The business had revenue of $437.98 million during the quarter, compared to the consensus estimate of $373.75 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm’s revenue was up 33.9% compared to the same quarter last year. Equities research analysts expect that Ameresco will post 1.15 EPS for the current year.

Insider Activity

In related news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the transaction, the chief financial officer now owns 1,878 shares in the company, valued at $49,823.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in shares of Ameresco in the fourth quarter valued at $62,000. nVerses Capital LLC acquired a new position in Ameresco during the 2nd quarter worth $75,000. Point72 DIFC Ltd acquired a new position in Ameresco during the 2nd quarter worth $86,000. GAMMA Investing LLC grew its stake in Ameresco by 1,215.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 2,880 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Ameresco during the 2nd quarter worth $156,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.