CECO Environmental Corp. (NASDAQ:CECE) was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday. They presently have a $13.00 price target on the stock. Seaport Global Securities’ price objective would suggest a potential upside of 1.01% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of CECO Environmental Corp. from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 11th. TheStreet upgraded shares of CECO Environmental Corp. from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Finally, Needham & Company LLC boosted their target price on shares of CECO Environmental Corp. from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $11.36.

Analyst Recommendations for CECO Environmental Corp. (NASDAQ:CECE)

Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at 12.35 on Thursday. The stock has a 50 day moving average of $10.66 and a 200-day moving average of $9.61. CECO Environmental Corp. has a 12 month low of $5.60 and a 12 month high of $13.00. The firm has a market capitalization of $421.89 billion, a PE ratio of 44.11 and a beta of 1.58.

CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. CECO Environmental Corp. had a net margin of 2.35% and a return on equity of 11.22%. The firm had revenue of $101.60 million for the quarter, compared to analyst estimates of $110.44 million. During the same period last year, the firm posted $0.27 EPS. CECO Environmental Corp.’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that CECO Environmental Corp. will post $0.84 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be paid a $0.066 dividend. This represents a $0.26 annualized dividend and a yield of 2.05%. The ex-dividend date is Wednesday, December 14th. CECO Environmental Corp.’s payout ratio is 89.66%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Foundry Partners LLC increased its position in shares of CECO Environmental Corp. by 0.3% in the second quarter. Foundry Partners LLC now owns 464,740 shares of the company’s stock valued at $4,062,000 after buying an additional 1,275 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of CECO Environmental Corp. by 13.1% in the second quarter. Punch & Associates Investment Management Inc. now owns 854,688 shares of the company’s stock valued at $7,470,000 after buying an additional 98,754 shares during the last quarter. Manchester Capital Management LLC increased its position in shares of CECO Environmental Corp. by 30.0% in the second quarter. Manchester Capital Management LLC now owns 66,733 shares of the company’s stock valued at $583,000 after buying an additional 15,384 shares during the last quarter. Kirr Marbach & Co. LLC IN increased its position in shares of 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 valued at $170,000 after buying an additional 450 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of CECO Environmental Corp. during the second quarter valued at $106,000. 53.54% of the stock is owned by hedge funds and other institutional investors.

About CECO Environmental Corp.

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.

5 Day Chart for NASDAQ:CECE

Receive News & Stock Ratings for CECO Environmental Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental Corp. and related stocks with our FREE daily email newsletter.