CECO Environmental Corp. (NASDAQ:CECO) Stock Has Average Target Price of $102.38 According to Analysts

Shares of CECO Environmental Corp. (NASDAQ:CECO) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $102.38.

A number of analysts recently weighed in on the stock. Weiss Ratings lowered shares of CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, September 16th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of CECO Environmental in a research note on Tuesday, August 11th. Northland Securities set a $125.00 price target on shares of CECO Environmental in a report on Thursday, August 13th. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CECO Environmental from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th.

Institutional Investors Weigh In On CECO Environmental

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in CECO Environmental by 71.6% in the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after buying an additional 154 shares during the last quarter. Allworth Financial LP lifted its stake in CECO Environmental by 98.1% during the 2nd quarter. Allworth Financial LP now owns 317 shares of the company’s stock valued at $29,000 after acquiring an additional 157 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of CECO Environmental by 23.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,644 shares of the company’s stock valued at $114,000 after acquiring an additional 308 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of CECO Environmental during the 1st quarter valued at about $29,000. Finally, Swiss National Bank boosted its holdings in shares of CECO Environmental by 1.0% during the 1st quarter. Swiss National Bank now owns 59,900 shares of the company’s stock valued at $3,569,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Stock Down 7.7%

CECO stock opened at $50.50 on Friday. The stock has a 50-day simple moving average of $67.35 and a two-hundred day simple moving average of $71.80. CECO Environmental has a twelve month low of $45.81 and a twelve month high of $101.24. The firm has a market capitalization of $2.96 billion, a PE ratio of -73.19 and a beta of 1.50. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

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

About CECO Environmental

CECO Environmental Corp. (NASDAQ:CECO) is an industrial technology company that designs and supplies environmental and engineered equipment for industrial processes. Its solutions help customers control air pollution, manage industrial emissions, improve process efficiency and handle fluids in demanding operating environments.

The company’s product and service offerings include air pollution control systems, industrial ventilation and filtration equipment, scrubbers, fans, dust collection systems, thermal and heat-transfer equipment, pumps and other fluid-handling technologies.