CECO Environmental Corp. Price Target Cut to $17.00 by Analysts at Jefferies Group (CECE)
Research analysts at Jefferies Group dropped their target price on shares of CECO Environmental Corp. (NASDAQ:CECE) from $19.00 to $17.00 in a report released on Friday, AnalystRatings.Net reports. Jefferies Group’s target price would indicate a potential upside of 26.11% from the company’s current price.
Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at 13.48 on Friday. CECO Environmental Corp. has a 52 week low of $11.63 and a 52 week high of $19.42. The stock has a 50-day moving average of $16.25 and a 200-day moving average of $16.30. The company has a market cap of $345.2 million and a P/E ratio of 44.03.
CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.04. The company had revenue of $57.20 million for the quarter, compared to the consensus estimate of $63.84 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 66.3% on a year-over-year basis. On average, analysts predict that CECO Environmental Corp. will post $1.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, June 11th. This is an increase from CECO Environmental Corp.’s previous quarterly dividend of $0.05.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets downgraded shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 27th. They now have a $17.00 price target on the stock. Separately, analysts at Boenning Scattergood raised their price target on shares of CECO Environmental Corp. from $19.00 to $21.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of CECO Environmental Corp. from $19.00 to $21.00 in a research note on Friday, March 7th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.43.
CECO Environmental Corp. (NASDAQ:CECE) is a provider of global, air pollution control technology.
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