CECO Environmental Corp. Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:CECE)
CECO Environmental Corp. (NASDAQ:CECE) has been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the company, Stock Ratings Network.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.43.
CECO Environmental Corp. (NASDAQ:CECE) traded up 5.49% on Friday, hitting $15.38. The stock had a trading volume of 33,654 shares. CECO Environmental Corp. has a 52-week low of $11.78 and a 52-week high of $19.42. The stock’s 50-day moving average is $14.75 and its 200-day moving average is $15.87. The company has a market cap of $396.3 million and a P/E ratio of 44.05.
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. On average, analysts predict that CECO Environmental Corp. will post $1.02 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 1.65%. 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.
A number of analysts have recently weighed in on CECE shares. Analysts at William Blair initiated coverage on shares of CECO Environmental Corp. in a research note on Thursday. They set an “outperform” rating on the stock. Separately, 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. Finally, 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.
CECO Environmental Corp. (NASDAQ:CECE) is a provider of global, air pollution control technology.
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