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

CECO Environmental Corp. (NASDAQ:CECO) has been assigned an average recommendation of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $86.8333.

CECO has been the subject of a number of research reports. Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Lake Street Capital reissued a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a report on Wednesday, February 25th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Craig Hallum reissued a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Finally, HC Wainwright lifted their target price on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th.

Institutional Investors Weigh In On CECO Environmental

A number of hedge funds and other institutional investors have recently modified their holdings of CECO. American Century Companies Inc. lifted its holdings in shares of CECO Environmental by 16,844.6% during the third quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after buying an additional 1,250,373 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of CECO Environmental by 104.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after buying an additional 366,611 shares in the last quarter. Capital World Investors acquired a new stake in shares of CECO Environmental during the fourth quarter worth $19,936,000. Two Sigma Investments LP lifted its holdings in shares of CECO Environmental by 3,620.8% during the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after buying an additional 294,556 shares in the last quarter. Finally, IES Holdings Inc. bought a new position in shares of CECO Environmental in the fourth quarter worth $16,963,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Price Performance

NASDAQ:CECO opened at $89.87 on Wednesday. CECO Environmental has a one year low of $25.96 and a one year high of $90.42. The company has a market cap of $3.22 billion, a P/E ratio of 242.89 and a beta of 1.53. The firm’s fifty day moving average price is $69.17 and its two-hundred day moving average price is $64.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The firm had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Equities analysts expect that CECO Environmental will post 1.77 earnings per share for the current year.

CECO Environmental Company Profile

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.