Ceco Environmental Corp. Reaches New 12-Month High at $14.40 (CECE)
Ceco Environmental Corp. (NASDAQ:CECE)’s share price reached a new 52-week high during trading hours on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $14.40 and last traded at $14.00, with a volume of 120,257 shares traded. The stock had previously closed at $14.08.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Ceco Environmental Corp. (NASDAQ:CECE) from $16.00 to $18.00 in a research note to investors on Wednesday, September 4th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of Ceco Environmental Corp. (NASDAQ:CECE) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $14.30 price target on the stock. Finally, analysts at Needham & Company raised their price target on shares of Ceco Environmental Corp. (NASDAQ:CECE) from $15.00 to $16.00 in a research note to investors on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Ceco Environmental Corp. presently has an average rating of “Buy” and an average target price of $14.86.
Ceco Environmental Corp. has a 52-week low of $8.75 and a 52-week high of $14.40. The stock’s 50-day moving average is $12.95 and its 200-day moving average is $12.61. The company has a market cap of $249.8 million and a P/E ratio of 21.30.
Ceco Environmental Corp. (NASDAQ:CECE) last released its earnings data on Thursday, August 8th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.08. The company had revenue of $44.40 million for the quarter, compared to the consensus estimate of $45.83 million. Analysts expect that Ceco Environmental Corp. will post $0.96 EPS for the current fiscal year.
CECO Environmental Corp. (NASDAQ:CECE) is a provider of global, air pollution control technology.
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