Canaccord Genuity analyst Jonathan Dorsheimer maintained a Buy rating on Ameresco (NYSE:AMRC) Inc on Monday, setting a price target of $36, which is approximately 30.06% above the present share price of $27.68.
Dorsheimer expects Ameresco Inc to post earnings per share (EPS) of $0.13 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Ameresco, with an average price target of $30.2.
The analysts price targets range from a high of $36 to a low of $24.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $212.41 million and a net profit of $9.52 million. The company's market cap is $1.34 billion.
According to TipRanks.com, Canaccord Genuity analyst Jonathan Dorsheimer is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 3.7% and a 48.53% success rate.
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.