Several other analysts also recently weighed in on the stock. TheStreet raised shares of CECO Environmental from a “d+” rating to a “c-” rating in a report on Friday, May 27th. HC Wainwright restated a “buy” rating and set a $15.00 target price on shares of CECO Environmental in a research report on Tuesday, March 15th. Needham & Company LLC restated a “buy” rating and set a $9.00 target price on shares of CECO Environmental in a research report on Tuesday, March 15th. Finally, Lake Street Capital initiated coverage on shares of CECO Environmental in a research report on Friday, April 29th. They issued a “buy” rating and a $14.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $12.67.
Shares of CECE opened at $5.95 on Wednesday. CECO Environmental has a twelve month low of $4.09 and a twelve month high of $7.72. The firm’s fifty day simple moving average is $5.60 and its 200-day simple moving average is $5.74. The firm has a market capitalization of $209.14 million, a price-to-earnings ratio of 74.38, a PEG ratio of 0.72 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 1.43 and a debt-to-equity ratio of 0.38.
Hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP purchased a new position in shares of CECO Environmental in the first quarter valued at $57,000. The Manufacturers Life Insurance Company acquired a new stake in CECO Environmental in the third quarter valued at $91,000. Signet Investment Advisory Group Inc. acquired a new stake in CECO Environmental in the first quarter valued at $126,000. Renaissance Technologies LLC acquired a new stake in shares of CECO Environmental during the first quarter worth $253,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of CECO Environmental by 36.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 59,454 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 15,752 shares during the period. Institutional investors and hedge funds own 65.37% of the company’s stock.
About CECO Environmental (Get Rating)
CECO Environmental Corp. provides industrial air quality and fluid handling systems worldwide. It operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. The company engineers, designs, builds, and installs systems that capture, clean, and destroy air- and water-borne emissions from industrial facilities as well as fluid handling, gas separation, and filtration systems.
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