CECO Environmental (NASDAQ:CECO) Price Target Raised to $75.00

CECO Environmental (NASDAQ:CECO) had its target price boosted by Needham & Company LLC from $70.00 to $75.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on CECO. Northland Securities boosted their price objective on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.75.

CECO Environmental Price Performance

Shares of NASDAQ:CECO opened at $67.04 on Friday. The company has a market capitalization of $2.39 billion, a PE ratio of 47.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. The stock has a fifty day moving average of $57.23 and a 200-day moving average of $49.39. CECO Environmental has a one year low of $17.57 and a one year high of $67.88.

CECO Environmental (NASDAQ:CECO) last issued its earnings results 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 return on equity of 10.84% and a net margin of 7.22%.The business had revenue of $197.60 million for the quarter, compared to analysts’ expectations of $190.36 million. During the same period in the previous year, the firm posted $0.14 EPS. The company’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, equities analysts anticipate that CECO Environmental will post 0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On CECO Environmental

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marex Group plc acquired a new stake in shares of CECO Environmental in the second quarter worth $707,000. Osterweis Capital Management Inc. bought a new position in CECO Environmental in the 2nd quarter worth $7,175,000. First Eagle Investment Management LLC lifted its position in CECO Environmental by 2.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 601,478 shares of the company’s stock worth $17,028,000 after acquiring an additional 13,200 shares during the last quarter. Calamos Advisors LLC boosted its holdings in CECO Environmental by 85.0% during the second quarter. Calamos Advisors LLC now owns 31,224 shares of the company’s stock valued at $884,000 after acquiring an additional 14,346 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of 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 purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

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.