CECO Environmental (NASDAQ:CECO) Price Target Raised to $80.00

CECO Environmental (NASDAQ:CECO) had its target price raised by Needham & Company LLC from $75.00 to $80.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

CECO has been the subject of several other reports. HC Wainwright boosted their target price on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Northland Securities boosted their price objective on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.20.

CECO Environmental Price Performance

Shares of NASDAQ:CECO opened at $60.45 on Wednesday. The company has a 50 day moving average of $67.37 and a 200 day moving average of $56.48. The company has a current ratio of 1.34, a quick ratio of 1.13 and a debt-to-equity ratio of 0.65. The stock has a market cap of $2.15 billion, a P/E ratio of 44.45 and a beta of 1.38. CECO Environmental has a 12 month low of $17.57 and a 12 month high of $81.72.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35). The firm had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The firm’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. As a group, sell-side analysts forecast that CECO Environmental will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of CECO Environmental in the third quarter worth about $25,000. Aventura Private Wealth LLC bought a new position in CECO Environmental during the 4th quarter worth approximately $30,000. Advisory Services Network LLC bought a new position in CECO Environmental during the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC purchased a new position in CECO Environmental in the 3rd quarter worth approximately $50,000. Finally, First Horizon Corp bought a new stake in CECO Environmental in the third quarter valued at approximately $64,000. 68.08% of the stock is owned by institutional investors.

Key Stories Impacting CECO Environmental

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: HC Wainwright raised FY2026 EPS and multiple quarterly estimates and reiterates a “Buy” rating with a $90 price target — this is constructive for expectations of higher future earnings and likely supported buying interest earlier. HC Wainwright Notes
• Positive Sentiment: Independent broker commentary from Needham and Roth MKM published bullish price-appreciation forecasts for CECO, which helped lift analyst-driven enthusiasm. Needham Forecast Roth MKM Forecast
• Positive Sentiment: An analyst upgrade generated heavy trading volume and short-term interest, indicating the market initially reacted positively to the revised forecasts. Volume After Upgrade
• Neutral Sentiment: Coverage pieces highlight CECO’s continued M&A strategy as a growth driver; M&A can boost long-term scale but also adds integration risk and near-term execution uncertainty. M&A Growth Note
• Neutral Sentiment: An investor alert and filing activity around Thermon Group (a separate company) has shown up in headlines; its direct impact on CECO depends on the specifics of any transaction linkage flagged in recent coverage. Thermon Investor Alert
• Negative Sentiment: CECO’s latest quarterly results (Feb. 24) showed an EPS miss — $0.08 vs. consensus ~$0.43 — despite a revenue beat; an earnings miss of that magnitude can trigger profit-taking and reset near-term expectations. Earnings Recap
• Negative Sentiment: A recent Seeking Alpha piece argues CECO’s momentum may be faltering in light of a “big Thermon deal,” which could be read by traders as a catalyst that reduces growth runway or creates near-term uncertainty — this likely pressured the stock. Thermon Deal Analysis

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.