CECO Environmental Corp. (NASDAQ:CECE) Receives Average Rating of “Buy” from Analysts
CECO Environmental Corp. (NASDAQ:CECE) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.08.
A number of equities analysts recently issued reports on CECE shares. Zacks Investment Research raised CECO Environmental Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Monday, September 19th. Needham & Company LLC raised their price target on CECO Environmental Corp. from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th.
Several large investors have recently bought and sold shares of CECE. BlackRock Advisors LLC increased its stake in CECO Environmental Corp. by 1.6% in the second quarter. BlackRock Advisors LLC now owns 12,757 shares of the company’s stock worth $111,000 after buying an additional 195 shares during the last quarter. American International Group Inc. increased its stake in CECO Environmental Corp. by 1.6% in the second quarter. American International Group Inc. now owns 16,851 shares of the company’s stock worth $147,000 after buying an additional 258 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its stake in CECO Environmental Corp. by 2.4% in the second quarter. Kirr Marbach & Co. LLC IN now owns 19,435 shares of the company’s stock worth $170,000 after buying an additional 450 shares during the last quarter. Foundry Partners LLC increased its stake in CECO Environmental Corp. by 0.3% in the second quarter. Foundry Partners LLC now owns 464,740 shares of the company’s stock worth $4,062,000 after buying an additional 1,275 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in CECO Environmental Corp. by 8.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,034 shares of the company’s stock worth $118,000 after buying an additional 1,561 shares during the last quarter. Institutional investors own 53.82% of the company’s stock.
CECO Environmental Corp. (NASDAQ:CECE) traded up 0.949% during midday trading on Wednesday, reaching $11.175. The company’s stock had a trading volume of 38,837 shares. The firm’s market capitalization is $379.51 million. The company’s 50-day moving average is $11.02 and its 200 day moving average is $8.68. CECO Environmental Corp. has a 52 week low of $5.60 and a 52 week high of $11.75.
CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $107.03 million. CECO Environmental Corp. had a positive return on equity of 11.06% and a negative net margin of 0.18%. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. Analysts expect that CECO Environmental Corp. will post $0.80 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a dividend of $0.066 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.38%. CECO Environmental Corp.’s payout ratio is -520.00%.
CECO Environmental Corp. Company Profile
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company focuses on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
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