CECO Environmental Corp. (NASDAQ:CECO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of CECO Environmental Corp. (NASDAQ:CECO) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $58.80.

Several equities research analysts have issued reports on CECO shares. Needham & Company LLC lifted their price target on CECO Environmental from $57.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, October 8th. Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Northland Securities increased their price target on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday.

CECO Environmental Price Performance

CECO stock opened at $61.40 on Friday. The firm has a 50 day simple moving average of $53.97 and a two-hundred day simple moving average of $45.77. The stock has a market cap of $2.19 billion, a PE ratio of 43.55 and a beta of 1.37. CECO Environmental has a one year low of $17.57 and a one year high of $63.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The company had revenue of $197.60 million during the quarter, compared to the consensus estimate of $190.36 million. During the same period in the previous year, the firm posted $0.14 EPS. The firm’s revenue was up 45.8% compared to the same quarter last year. On average, analysts predict that CECO Environmental will post 0.67 EPS for the current fiscal year.

Institutional Trading of CECO Environmental

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of CECO Environmental in the 3rd quarter worth approximately $25,000. Advisory Services Network LLC purchased a new stake in CECO Environmental in the third quarter worth $31,000. Farther Finance Advisors LLC boosted its holdings in CECO Environmental by 224.7% in the second quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. Global Retirement Partners LLC purchased a new position in CECO Environmental during the 3rd quarter valued at $50,000. Finally, First Horizon Corp bought a new position in CECO Environmental in the 3rd quarter worth $64,000. 68.08% of the stock is owned by institutional investors.

About CECO Environmental

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.