Robert W. Baird Issues Pessimistic Forecast for Ameresco (NYSE:AMRC) Stock Price

Ameresco (NYSE:AMRC - Get Free Report) has recently faced a downgrade from research analysts at Robert W. Baird, who have reduced their target price for the company's stock from $42.00 to $25.00. This change was detailed in a report released on Friday. Despite the reduction, the brokerage maintains an "outperform" rating on Ameresco's stock, indicating that they still believe the stock will perform better than the general market. The new target price suggests a potential upside of 87.41% from Ameresco's previous closing price.

In addition to Robert W. Baird’s report, Ameresco has received mixed reviews from other analysts as well. Stifel Nicolaus raised its target price on Ameresco from $32.00 to $34.00, giving the stock a "buy" rating in a report dated November 11th. Similarly, UBS Group adjusted their target price for Ameresco, decreasing it from $40.00 to $37.00 while maintaining a "buy" rating. On the other hand, StockNews.com has lowered Ameresco to a "sell" rating as of November 12th. Overall, the equity research community shows a more balanced view, with one analyst rating the stock as a sell, three analysts giving a hold rating, eight providing buy ratings, and one assigning a strong buy rating. The consensus rating for Ameresco is classified as a "Moderate Buy" with an average price target set at $34.33.

Ameresco Stock Performance Overview

On Friday, Ameresco's stock opened at $13.34. Over the past year, the stock has observed a low of $14.35 and a high of $39.68. Financial metrics indicate a debt-to-equity ratio of 1.36, alongside a current ratio of 1.27 and a quick ratio of 1.26. Ameresco's market capitalization stands at approximately $699.59 million, with a price-to-earnings ratio of 13.26 and a price-to-earnings-growth ratio of 0.49. The stock also has a beta of 1.79 and a 50-day moving average of $22.27, compared to a 200-day moving average of $27.62.

Recently, Ameresco reported its quarterly earnings on February 27th, where it achieved earnings per share (EPS) of $0.88. This result surpassed analysts' expectations of $0.76 by a margin of $0.12. The company’s revenue for that quarter was $532.67 million, which exceeded the consensus estimate of $524.31 million. Ameresco’s return on equity was noted at 5.68%, with a net margin of 3.18%. Analysts anticipate that Ameresco will post an EPS of 1.15 for the current year.

Insider Transactions at Ameresco

In related news, Director Jennifer L. Miller sold 40,000 shares of Ameresco on February 3rd at an average price of $21.06 each, totaling a transaction value of $842,400. This sale represents a 69.90% decrease in her stock ownership in the company. After the transaction, she holds 17,225 shares of Ameresco, with an approximate valuation of $362,758.50. Disclosure regarding this trade was submitted to the SEC and is available for public access. Notably, corporate insiders own around 42.00% of Ameresco's stock.

Institutional Investment in Ameresco

Several hedge funds and institutional investors have modified their positions in Ameresco. For instance, UBS AM, a distinct unit of UBS Asset Management Americas LLC, raised its stake in Ameresco by 17.1% during the fourth quarter, obtaining an additional 13,127 shares to reach a total of 89,684 shares valued at approximately $2,106,000. Voloridge Investment Management LLC increased its stake by 7.0%, owning 301,861 shares worth about $7,088,000 after acquiring an additional 19,626 shares. Other investors, including Squarepoint Ops LLC and Silvercrest Asset Management, have also increased their holdings. Currently, institutional investors control about 99.24% of Ameresco’s stock.

About Ameresco

Ameresco, Inc is a clean technology integrator that provides a wide range of energy efficiency and renewable energy solutions, operating across the United States, Canada, Europe, and internationally. The company functions through several segments, including U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and various other operations. Their offerings aim to enhance energy efficiency, provide infrastructure upgrades, and ensure energy security and resilience for businesses and organizations.

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