Ceco Environmental Corp. Rating Increased to Neutral at Zacks (CECE)
Ceco Environmental Corp. (NASDAQ:CECE) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday, AmericanBankingNews.com reports. The firm currently has a $18.10 target price on the stock. Zacks‘ target price would suggest a potential upside of 6.10% from the company’s current price.
Ceco Environmental Corp. (NASDAQ:CECE) traded down 3.40% during mid-day trading on Monday, hitting $17.06. 176,450 shares of the company’s stock traded hands. Ceco Environmental Corp. has a 52 week low of $9.92 and a 52 week high of $19.42. The stock’s 50-day moving average is $15.87 and its 200-day moving average is $14.67. The company has a market cap of $436.4 million and a P/E ratio of 47.47.
Ceco Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.05. The company had revenue of $49.80 million for the quarter, compared to the consensus estimate of $49.03 million. The company’s revenue for the quarter was up 50.4% on a year-over-year basis. On average, analysts predict that Ceco Environmental Corp. will post $0.92 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Boenning Scattergood initiated coverage on shares of Ceco Environmental Corp. in a research note to investors on Monday, December 23rd. They set an “outperform” rating and a $19.00 price target on the stock. Separately, analysts at Drexel Hamilton downgraded shares of Ceco Environmental Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 11th. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Ceco Environmental Corp. in a research note to investors on Friday, November 8th. They now have a $19.00 price target on the stock, up previously from $16.00. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $19.02.
CECO Environmental Corp. (NASDAQ:CECE) is a provider of global, air pollution control technology.
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