CECO Environmental Corp. (NASDAQ:CECO – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $90.42 and last traded at $90.24, with a volume of 1026298 shares. The stock had previously closed at $81.71.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CECO. Roth Mkm reiterated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Needham & Company LLC raised their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. HC Wainwright increased their target price on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $86.83.
View Our Latest Research Report on CECO
CECO Environmental Price Performance
CECO Environmental (NASDAQ:CECO – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter in the previous year, the business posted $0.10 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities analysts forecast that CECO Environmental Corp. will post 1.77 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of CECO. Morton Brown Family Wealth LLC acquired a new stake in shares of CECO Environmental in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new stake in CECO Environmental in the third quarter worth $25,000. Aventura Private Wealth LLC acquired a new position in CECO Environmental during the fourth quarter worth $30,000. Advisory Services Network LLC bought a new position in CECO Environmental during the third quarter valued at about $31,000. Finally, KBC Group NV bought a new position in CECO Environmental during the first quarter valued at about $44,000. Institutional investors and hedge funds own 68.08% of the company’s stock.
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.
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