CECO Environmental Corp. (NASDAQ:CECO) Receives Average Recommendation of “Buy” from Brokerages

Shares of CECO Environmental Corp. (NASDAQ:CECO) have earned an average recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $86.8333.

A number of research analysts recently commented on the company. Roth Mkm restated a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Lake Street Capital reiterated a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a research report on Wednesday, February 25th. Finally, HC Wainwright lifted their target price on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th.

CECO Environmental Stock Up 10.0%

Shares of NASDAQ CECO opened at $89.87 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. CECO Environmental has a 52 week low of $25.96 and a 52 week high of $90.42. The stock has a market capitalization of $3.22 billion, a P/E ratio of 242.89 and a beta of 1.53. The stock’s fifty day moving average is $69.17 and its 200 day moving average is $64.09.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company had revenue of $205.92 million for the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter last year, the business earned $0.10 earnings per share. CECO Environmental’s revenue was up 16.5% on a year-over-year basis. Sell-side analysts forecast that CECO Environmental will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC boosted its stake in shares of CECO Environmental by 8.0% during the fourth quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after purchasing an additional 399 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of CECO Environmental by 3.5% during the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after purchasing an additional 412 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in shares of CECO Environmental by 3.2% during the fourth quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock valued at $996,000 after purchasing an additional 462 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of CECO Environmental in the first quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of CECO Environmental in the third quarter worth approximately $25,000. Institutional investors own 68.08% of the company’s stock.

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.