CECO Environmental Corp. (NASDAQ:CECO) Receives Consensus Rating of “Moderate Buy” from Brokerages

CECO Environmental Corp. (NASDAQ:CECO) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $64.75.

Several research analysts recently weighed in on the company. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Needham & Company LLC lifted their price objective on shares of CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Northland Securities boosted their target price on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, October 8th.

Hedge Funds Weigh In On CECO Environmental

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SageView Advisory Group LLC raised its holdings in shares of CECO Environmental by 1.0% during the 2nd quarter. SageView Advisory Group LLC now owns 29,595 shares of the company’s stock valued at $838,000 after purchasing an additional 290 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after purchasing an additional 412 shares during the last quarter. Ellsworth Advisors LLC lifted its holdings in CECO Environmental by 3.2% in the 4th quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock worth $996,000 after purchasing an additional 462 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in CECO Environmental during the third quarter worth approximately $25,000. Finally, Aventura Private Wealth LLC acquired a new position in CECO Environmental during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Trading Up 0.6%

Shares of NASDAQ:CECO opened at $66.58 on Thursday. The company has a 50 day moving average of $58.03 and a 200-day moving average of $50.03. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2.37 billion, a P/E ratio of 47.22 and a beta of 1.39. CECO Environmental has a twelve month low of $17.57 and a twelve month high of $67.88.

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

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.