CECO Environmental Corp. (NASDAQ:CECE) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $9.80.
A number of equities analysts recently issued reports on the company. B. Riley set a $10.00 price objective on CECO Environmental and gave the company a “buy” rating in a report on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of CECO Environmental in a report on Friday, August 9th. Maxim Group set a $10.00 price objective on CECO Environmental and gave the company a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research cut CECO Environmental from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, BidaskClub cut CECO Environmental from a “sell” rating to a “strong sell” rating in a report on Friday, August 9th.
Shares of CECO Environmental stock opened at $6.82 on Wednesday. The stock has a market cap of $235.52 million, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.39 and a current ratio of 1.61. The stock has a 50 day moving average price of $7.04 and a 200-day moving average price of $8.14. CECO Environmental has a one year low of $6.44 and a one year high of $9.84.
A number of hedge funds and other institutional investors have recently modified their holdings of CECE. Bank of Montreal Can raised its position in CECO Environmental by 102.9% during the 2nd quarter. Bank of Montreal Can now owns 5,153 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 2,613 shares in the last quarter. Mackenzie Financial Corp bought a new stake in CECO Environmental during the 2nd quarter valued at $115,000. Susquehanna International Group LLP raised its position in CECO Environmental by 3,401.8% during the 2nd quarter. Susquehanna International Group LLP now owns 13,207 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 13,607 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in CECO Environmental during the 2nd quarter valued at $170,000. Finally, SG Americas Securities LLC raised its position in CECO Environmental by 83.4% during the 2nd quarter. SG Americas Securities LLC now owns 18,646 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 8,480 shares in the last quarter. 69.43% of the stock is owned by institutional investors and hedge funds.
About CECO Environmental
CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.
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