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Equities researchers at William Blair began coverage on shares of CECO Environmental Corp. (NASDAQ:CECE) in a research report issued on Thursday. The firm set an “outperform” rating on the stock.

Shares of CECO Environmental Corp. (NASDAQ:CECE) traded up 4.07% during mid-day trading on Thursday, hitting $14.58. The stock had a trading volume of 47,513 shares. 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 $14.86 and a 200-day moving average of $15.88. The company has a market cap of $375.7 million and a price-to-earnings ratio of 42.33.

CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 66.3% on a year-over-year basis. Analysts expect that CECO Environmental Corp. will post $1.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Wednesday, June 11th. This is a boost from CECO Environmental Corp.’s previous quarterly dividend of $0.05.

Other equities research analysts have also recently issued reports about the stock. Analysts at Boenning Scattergood cut their price target on shares of CECO Environmental Corp. from $21.00 to $18.50 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company LLC cut their price target on shares of CECO Environmental Corp. from $21.00 to $18.00 in a research note on Friday, May 9th. Finally, 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, May 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. CECO Environmental Corp. currently has an average rating of “Buy” 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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