Ameresco (AMRC – Research Report) received a Buy rating and a $78.00 price target from EF Hutton analyst Chip Moore on October 25. The company’s shares closed last Wednesday at $75.65, close to its 52-week high of $77.15.
Moore has an average return of 33.7% when recommending Ameresco.
According to TipRanks.com, Moore is ranked #336 out of 7706 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ameresco with a $74.17 average price target.
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Based on Ameresco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $274 million and net profit of $13.66 million. In comparison, last year the company earned revenue of $223 million and had a net profit of $4.37 million.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMRC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ameresco, Inc. engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation, and All Other. The U.S. Regions, U.S. Federal, and Canada segments offer energy efficiency products and services, such as design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure; and renewable energy solutions and services. The Non-Solar Distributed Generation sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other than solar, and generated by small-scale plants; and operations and maintenance services for customer owned small-scale plants. The All Other segment enterprise energy management services, consulting services and integrated-PV. The company was founded by George P. Sakellaris on April 25, 2000 and is headquartered in Framingham, MA.
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