CECO Environmental Corp. (NASDAQ:CECO) Stock Has Consensus Target Price of $104.88

Shares of CECO Environmental Corp. (NASDAQ:CECO) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $104.88.

A number of research firms have weighed in on CECO. Weiss Ratings lowered CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. started coverage on CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price target on the stock. Northland Securities set a $125.00 price target on CECO Environmental in a research report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of CECO Environmental in a research note on Tuesday, August 11th. Finally, TD Cowen assumed coverage on CECO Environmental in a research report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price objective on the stock.

CECO Environmental Trading Up 3.2%

NASDAQ:CECO opened at $71.87 on Tuesday. CECO Environmental has a one year low of $42.82 and a one year high of $101.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. The firm has a market cap of $4.21 billion, a P/E ratio of -104.16 and a beta of 1.50. The firm has a 50-day simple moving average of $72.23 and a 200-day simple moving average of $75.32.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. The firm had revenue of $284.96 million for the quarter, compared to the consensus estimate of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company’s quarterly revenue was up 53.7% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Equities analysts anticipate that CECO Environmental will post 2.43 EPS for the current fiscal year.

Institutional Trading of CECO Environmental

Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of CECO Environmental in the 2nd quarter worth approximately $392,358,000. Jupiter Topco LLC purchased a new stake in CECO Environmental during the second quarter valued at approximately $86,194,000. Dimensional Fund Advisors LP lifted its position in CECO Environmental by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock valued at $53,813,000 after acquiring an additional 7,751 shares during the last quarter. Emerald Advisers LLC boosted its stake in CECO Environmental by 14.1% in the first quarter. Emerald Advisers LLC now owns 523,017 shares of the company’s stock valued at $31,161,000 after acquiring an additional 64,492 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in CECO Environmental in the second quarter valued at approximately $40,461,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Company Profile

CECO Environmental Corp. (NASDAQ: CECO) is an environmental technology company that provides engineered solutions for industrial air quality, fluid handling, and water and wastewater treatment. Its systems are designed to help customers control emissions, improve process efficiency, protect workers, and comply with environmental regulations.

The company offers products and services including air pollution control equipment, industrial ventilation systems, filtration and separation technologies, thermal processing solutions, pumps and other fluid-handling equipment, and water and wastewater treatment systems.