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Investment analysts at Needham & Company LLC decreased their target price on shares of CECO Environmental Corp. (NASDAQ:CECE) from $21.00 to $18.00 in a note issued to investors on Friday, StockRatingsNetwork.com reports. Needham & Company LLC’s target price would suggest a potential upside of 33.53% from the company’s current price.

Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at 13.48 on Friday. CECO Environmental Corp. has a one year low of $11.63 and a one year 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 for the quarter, missing the analysts’ 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 last year, the company posted $0.18 earnings per share. CECO Environmental Corp.’s revenue was up 66.3% compared to the same quarter last year. 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. Shareholders 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 a positive change from CECO Environmental Corp.’s previous quarterly dividend of $0.05.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of CECO Environmental Corp. from $19.00 to $17.00 in a research note on Friday. Separately, 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. CECO Environmental Corp. currently has an average rating of “Hold” and a consensus target price of $18.43.

CECO Environmental Corp. (NASDAQ:CECE) is a provider of global, air pollution control technology.

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