CECO Environmental (NASDAQ:CECE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $8.75 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 2.94% from the company’s current price.

According to Zacks, “CECO ENVIRONMENTAL CORP. manufactures and sells, primarily in the United States, of fiber bed mist eliminators to the chemical, printing, plating, power generation, food processing, waste incineration and textile industries. “

Other research analysts have also issued reports about the company. Needham & Company LLC increased their price objective on CECO Environmental from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. ValuEngine upgraded CECO Environmental from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Roth Capital set a $8.00 price objective on CECO Environmental and gave the stock a “hold” rating in a research report on Thursday, August 9th. Finally, BidaskClub upgraded CECO Environmental from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $8.92.

CECE stock opened at $8.50 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $272.26 million, a PE ratio of 51.93, a P/E/G ratio of 1.79 and a beta of 0.92. CECO Environmental has a 1 year low of $4.00 and a 1 year high of $9.18.

CECO Environmental (NASDAQ:CECE) last posted its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $88.26 million during the quarter, compared to analyst estimates of $83.50 million. CECO Environmental had a positive return on equity of 2.81% and a negative net margin of 6.20%. Equities research analysts predict that CECO Environmental will post 0.29 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in shares of CECO Environmental in the second quarter valued at $101,000. Bridgeway Capital Management Inc. acquired a new stake in shares of CECO Environmental in the third quarter valued at $158,000. Citadel Advisors LLC raised its stake in shares of CECO Environmental by 24.0% in the second quarter. Citadel Advisors LLC now owns 30,726 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 5,937 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of CECO Environmental by 315.3% in the third quarter. Acadian Asset Management LLC now owns 27,068 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 20,550 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of CECO Environmental by 26.2% in the first quarter. California Public Employees Retirement System now owns 105,855 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 21,950 shares in the last quarter. Institutional investors own 64.62% of the company’s stock.

CECO Environmental Company Profile

CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.

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