Canaccord Genuity analyst Chip Moore reiterated a Buy rating on Ameresco Inc (NYSE: AMRC) yesterday and set a price target of $16. The company’s shares opened today at $14.60, close to its 52-week high of $15.35.
According to TipRanks.com, Moore is a 4-star analyst with an average return of 15.0% and a 76.5% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, SolarEdge Technologies, and Badger Meter.
Currently, the analyst consensus on Ameresco Inc is a Moderate Buy with an average price target of $16.50, representing a 13.0% upside. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $17 price target.
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Based on Ameresco Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $8.7 million. In comparison, last year the company had a net profit of $5.83 million.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMRC in relation to earlier this year. Most recently, in May 2018, Louis Maltezos, the EVP of AMRC bought 2,000 shares for a total of $12,120.
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 comprehensive energy services. It offers energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe.
