A share price of Ameresco Inc. [AMRC] is currently trading at $21.13, up 4.04%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AMRC shares have gain 8.14% over the last week, with a monthly amount drifted -3.69%, and not seem to be holding up well over a long-time horizon.
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On 6, March 2024, Public Schools of the Tarrytowns Select Ameresco for Energy Performance Contract. In a post published today on Yahoo Finance, Strategic partnership to enhance sustainability and renewable energy efforts with lighting improvements, energy management systems upgrades and a solar PV initiative.
From an analyst’s perspective:
Ameresco Inc. [NYSE: AMRC] stock has seen the most recent analyst activity on February 29, 2024, when Guggenheim downgraded its rating to a Neutral. Previously, BofA Securities downgraded its rating to Neutral on December 15, 2023, and elevated its price target to $37. On November 07, 2023, downgrade downgraded it’s rating to Mkt Perform. Oppenheimer downgraded its rating to a Perform. ROTH MKM upgraded its rating to a Buy but $44 remained the price target by the analyst firm on October 25, 2023. Exane BNP Paribas started tracking with a Neutral rating for this stock on October 20, 2023, and assigned it a price target of $43. In a note dated May 02, 2023, UBS initiated an Buy rating and provided a target price of $60 on this stock.
Ameresco Inc. experienced fluctuations in its stock price throughout the past year between $17.55 and $63.19. Currently, Wall Street analysts expect the stock to reach $76.75 within the next 12 months. Ameresco Inc. [NYSE: AMRC] shares were valued at $21.13 at the most recent close of the market. An investor can expect a potential return of 263.23% based on the average AMRC price forecast.
Analyzing the AMRC fundamentals
Trailing Twelve Months sales for Ameresco Inc. [NYSE:AMRC] were 1.37B which represents 33.05% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.67 points at the first support level, and at 20.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.65, and for the 2nd resistance point, it is at 22.18.
Ameresco Inc. [AMRC] reported earnings per share of $0.69 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.57/share, meaning a difference of $0.12 and a surprise factor of 21.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.4 per share as compared to estimates of $0.46 per share, a difference of -$0.06 representing a surprise of -13.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ameresco Inc. [NYSE:AMRC] is 1.19. In addition, the Quick Ratio stands at 1.17 and the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 18.01.
Transactions by insiders
Recent insider trading involved Sakellaris George P, President and CEO, that happened on Nov 20 ’23 when 5000.0 shares were purchased. President and CEO, Sakellaris George P completed a deal on Nov 17 ’23 to buy 5000.0 shares. Meanwhile, President and CEO Sakellaris George P bought 5000.0 shares on Nov 16 ’23.
