Brokerages Set CECO Environmental Corp. (NASDAQ:CECO) PT at $86.83

Shares of CECO Environmental Corp. (NASDAQ:CECO) have received an average rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $86.8333.

Several research analysts have commented on the stock. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Weiss Ratings upgraded shares of CECO Environmental from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Craig Hallum reaffirmed a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research note on Tuesday, April 28th. HC Wainwright lifted their price objective on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, Lake Street Capital reissued a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th.

CECO Environmental Stock Up 0.5%

Shares of CECO Environmental stock opened at $81.78 on Friday. CECO Environmental has a 12-month low of $24.71 and a 12-month high of $90.25. The firm has a market capitalization of $2.93 billion, a PE ratio of 221.03 and a beta of 1.53. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average is $62.48 and its 200-day moving average is $61.23.

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

Hedge Funds Weigh In On CECO Environmental

A number of institutional investors have recently modified their holdings of the company. Morton Brown Family Wealth LLC acquired a new position in CECO Environmental in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental during the 3rd quarter worth $25,000. Aventura Private Wealth LLC acquired a new position in CECO Environmental during the 4th quarter worth $30,000. Advisory Services Network LLC bought a new stake in CECO Environmental during the third quarter valued at about $31,000. Finally, KBC Group NV acquired a new stake in shares of CECO Environmental in the first quarter valued at about $44,000. 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.