CECO Environmental Corp. (CECO) – What Are Researchers Saying About This Stock?

Shares of CECO Environmental Corp. (NASDAQ:CECO) have received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $102.38.

Several analysts recently commented on CECO shares. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of CECO Environmental in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lowered their price objective on shares of CECO Environmental from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. TD Cowen assumed coverage on shares of CECO Environmental in a research note on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price objective on the stock. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Finally, Northland Securities set a $125.00 target price on shares of CECO Environmental in a research note on Thursday, August 13th.

Institutional Trading of CECO Environmental

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morton Brown Family Wealth LLC acquired a new stake in CECO Environmental during the 1st quarter worth approximately $29,000. Allworth Financial LP purchased a new position in shares of CECO Environmental in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC increased its holdings in shares of CECO Environmental by 71.6% in the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after purchasing an additional 154 shares during the period. KBC Group NV acquired a new position in shares of CECO Environmental in the first quarter valued at approximately $44,000. Finally, Strs Ohio purchased a new stake in shares of CECO Environmental during the first quarter worth approximately $66,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Trading Down 4.7%

NASDAQ:CECO opened at $49.08 on Friday. CECO Environmental has a 52-week low of $42.82 and a 52-week high of $101.24. The stock’s 50 day moving average price is $69.86 and its 200 day moving average price is $75.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. The company had revenue of $284.96 million during the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%. The firm’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, sell-side analysts predict that CECO Environmental will post 2.43 earnings per share for the current fiscal year.

CECO Environmental Company Profile

CECO Environmental Corp. (NASDAQ:CECO) is an industrial technology company that designs and supplies environmental and engineered equipment for industrial processes. Its solutions help customers control air pollution, manage industrial emissions, improve process efficiency and handle fluids in demanding operating environments.

The company’s product and service offerings include air pollution control systems, industrial ventilation and filtration equipment, scrubbers, fans, dust collection systems, thermal and heat-transfer equipment, pumps and other fluid-handling technologies.