News headlines about Ameresco (NYSE:AMRC) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ameresco earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.2590912431025 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
AMRC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Monday, July 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $8.00 target price on shares of Ameresco in a research report on Monday, May 1st. Roth Capital raised shares of Ameresco from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $6.50 to $8.00 in a research report on Thursday, May 4th. Finally, BidaskClub downgraded shares of Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.38.
Shares of Ameresco (AMRC) traded down 4.23% during midday trading on Wednesday, hitting $6.80. 154,470 shares of the stock were exchanged. The firm’s 50-day moving average is $7.01 and its 200-day moving average is $6.19. Ameresco has a 12 month low of $4.51 and a 12 month high of $7.85. The stock has a market cap of $308.88 million, a price-to-earnings ratio of 30.36 and a beta of 1.17.
Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, May 2nd. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.06. Ameresco had a return on equity of 4.52% and a net margin of 1.58%. The business had revenue of $134.61 million for the quarter, compared to analysts’ expectations of $131.95 million. Equities research analysts predict that Ameresco will post $0.39 earnings per share for the current year.
In related news, insider Louis P. Maltezos sold 23,175 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $6.61, for a total transaction of $153,186.75. Following the completion of the transaction, the insider now owns 23,175 shares of the company’s stock, valued at $153,186.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas S. Murley bought 4,000 shares of Ameresco stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average cost of $6.85 per share, with a total value of $27,400.00. Following the acquisition, the director now owns 4,000 shares of the company’s stock, valued at $27,400. The disclosure for this purchase can be found here. Company insiders own 58.36% of the company’s stock.
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About Ameresco
Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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