CECO Environmental Corp. (NASDAQ:CECO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of CECO Environmental Corp. (NASDAQ:CECO) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $78.20.

Several equities research analysts have recently weighed in on the company. HC Wainwright upped 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, February 25th. Weiss Ratings downgraded CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Roth Mkm upped their price target on CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Lake Street Capital reaffirmed a “buy” rating and issued a $80.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 25th. Finally, Northland Securities lifted their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, December 24th.

Institutional Trading of CECO Environmental

A number of hedge funds have recently made changes to their positions in CECO. Emerald Mutual Fund Advisers Trust acquired a new stake in CECO Environmental during the third quarter valued at approximately $3,678,000. Peregrine Asset Advisers Inc. bought a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $2,408,000. Osterweis Capital Management Inc. acquired a new stake in shares of CECO Environmental during the 2nd quarter valued at approximately $7,175,000. Arete Wealth Advisors LLC bought a new position in CECO Environmental during the third quarter worth $1,042,000. Finally, Marex Group plc acquired a new position in CECO Environmental in the second quarter worth $707,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $54.28 on Friday. The firm’s fifty day simple moving average is $66.19 and its 200 day simple moving average is $57.01. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. CECO Environmental has a twelve month low of $17.57 and a twelve month high of $81.72. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 39.91 and a beta of 1.39.

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

CECO Environmental Company Profile

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.