CECO Environmental (NASDAQ:CECO) Sets New 1-Year High – Time to Buy?

CECO Environmental Corp. (NASDAQ:CECO) hit a new 52-week high on Monday . The stock traded as high as $64.07 and last traded at $63.7740, with a volume of 55175 shares changing hands. The stock had previously closed at $61.80.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of CECO Environmental from $57.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, October 8th. Finally, Northland Securities lifted their target price on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.50.

CECO Environmental Stock Performance

The company’s fifty day moving average is $56.06 and its 200 day moving average is $48.11. The company has a market capitalization of $2.28 billion, a P/E ratio of 45.28 and a beta of 1.39. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The firm had revenue of $197.60 million for the quarter, compared to analyst estimates of $190.36 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. As a group, equities analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CECO. Caitong International Asset Management Co. Ltd bought a new stake in CECO Environmental during the third quarter valued at about $25,000. Aventura Private Wealth LLC purchased a new stake in shares of CECO Environmental during the fourth quarter worth about $30,000. Advisory Services Network LLC bought a new stake in CECO Environmental during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its stake in CECO Environmental by 224.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in CECO Environmental in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

About CECO Environmental

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.