CECO Environmental Corp. (NASDAQ:CECO – Get Free Report) has received an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $102.38.
Several research firms have recently issued reports on CECO. Weiss Ratings cut shares of CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, September 16th. JPMorgan Chase & Co. cut their price target on CECO Environmental from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Northland Securities set a $125.00 price objective on CECO Environmental in a report on Thursday, August 13th. Finally, TD Cowen initiated coverage on CECO Environmental in a research report on Wednesday, August 5th. They set a “buy” rating and a $85.00 target price on the stock.
View Our Latest Stock Report on CECO Environmental
Hedge Funds Weigh In On CECO Environmental
Hedge funds have recently added to or reduced their stakes in the stock. Morton Brown Family Wealth LLC acquired a new stake in CECO Environmental during the first quarter worth approximately $29,000. Allworth Financial LP purchased a new position in shares of CECO Environmental in the 2nd quarter valued at $29,000. GAMMA Investing LLC raised its stake in CECO Environmental by 71.6% during the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after acquiring an additional 154 shares in the last quarter. KBC Group NV acquired a new stake in CECO Environmental during the 1st quarter worth $44,000. Finally, Strs Ohio acquired a new stake in CECO Environmental during the 1st quarter worth $66,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.
CECO Environmental Stock Down 4.7%
Shares of CECO Environmental stock opened at $49.08 on Friday. The business has a 50-day simple moving average of $69.86 and a 200-day simple moving average of $75.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18. CECO Environmental has a one year low of $42.82 and a one year high of $101.24.
CECO Environmental (NASDAQ:CECO – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was up 53.7% on a year-over-year basis. On average, sell-side analysts forecast that CECO Environmental will post 2.43 earnings per share for the current year.
CECO Environmental Company Profile
CECO Environmental Corp. (NASDAQ:CECO) is an industrial technology company that designs and supplies environmental and engineered equipment for industrial processes. Its solutions help customers control air pollution, manage industrial emissions, improve process efficiency and handle fluids in demanding operating environments.
The company’s product and service offerings include air pollution control systems, industrial ventilation and filtration equipment, scrubbers, fans, dust collection systems, thermal and heat-transfer equipment, pumps and other fluid-handling technologies.
Featured Articles
- Five stocks we like better than CECO Environmental
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
- MarketBeat Week in Review – 10/19 – 10/23
- Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
Receive News & Ratings for CECO Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental and related companies with MarketBeat.com's FREE daily email newsletter.
