CECO Environmental Corp. (NASDAQ:CECE) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.80.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded CECO Environmental from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Maxim Group set a $10.00 target price on CECO Environmental and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of CECO Environmental in a research note on Friday, August 9th. B. Riley set a $10.00 target price on CECO Environmental and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine downgraded CECO Environmental from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.
CECO Environmental stock opened at $6.82 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.39 and a current ratio of 1.61. The business’s 50-day simple moving average is $7.04 and its two-hundred day simple moving average is $8.14. The company has a market cap of $235.52 million, a PE ratio of 23.52, a PEG ratio of 0.92 and a beta of 0.95. CECO Environmental has a fifty-two week low of $6.44 and a fifty-two week high of $9.84.
CECO Environmental (NASDAQ:CECE) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). The firm had revenue of $81.18 million for the quarter, compared to analysts’ expectations of $86.67 million. CECO Environmental had a negative net margin of 1.32% and a positive return on equity of 7.57%. As a group, analysts predict that CECO Environmental will post 0.48 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in shares of CECO Environmental during the first quarter worth about $233,000. Campbell & CO Investment Adviser LLC purchased a new stake in CECO Environmental in the second quarter worth approximately $170,000. Strs Ohio boosted its stake in CECO Environmental by 34.3% in the second quarter. Strs Ohio now owns 37,200 shares of the industrial products company’s stock worth $356,000 after buying an additional 9,500 shares in the last quarter. SG Americas Securities LLC boosted its stake in CECO Environmental by 83.4% in the second quarter. SG Americas Securities LLC now owns 18,646 shares of the industrial products company’s stock worth $179,000 after buying an additional 8,480 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in CECO Environmental by 14.2% in the second quarter. Janney Montgomery Scott LLC now owns 159,856 shares of the industrial products company’s stock worth $1,533,000 after buying an additional 19,900 shares in the last quarter. Hedge funds and other institutional investors own 69.43% of the company’s stock.
CECO Environmental Company Profile
CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.
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