CECO Environmental (NASDAQ:CECO) Given New $75.00 Price Target at Needham & Company LLC

CECO Environmental (NASDAQ:CECO) had its price target hoisted by Needham & Company LLC from $70.00 to $75.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also commented on CECO. Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, October 8th. Zacks Research upgraded shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Northland Securities boosted their price target on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.75.

CECO Environmental Price Performance

CECO stock opened at $67.04 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. The business has a 50-day simple moving average of $57.23 and a two-hundred day simple moving average of $49.10. The company has a market capitalization of $2.39 billion, a P/E ratio of 47.55 and a beta of 1.39. CECO Environmental has a 52-week low of $17.57 and a 52-week high of $67.88.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. CECO Environmental had a return on equity of 10.84% and a net margin of 7.22%.The firm had revenue of $197.60 million during the quarter, compared to the consensus estimate of $190.36 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 45.8% compared to the same quarter last year. Research analysts expect that CECO Environmental will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.