Analysts Set CECO Environmental Corp. (NASDAQ:CECO) PT at $78.20
by Sarita Garza · The Markets DailyCECO Environmental Corp. (NASDAQ:CECO – Get Free Report) has received an average rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $78.20.
CECO has been the subject of a number of research reports. Lake Street Capital reiterated a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th. Northland Securities raised their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Weiss Ratings cut shares of CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. Roth Mkm lifted their target price on shares of CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a research report on Thursday, March 26th.
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CECO Environmental Price Performance
Shares of CECO opened at $65.02 on Tuesday. CECO Environmental has a fifty-two week low of $17.57 and a fifty-two week high of $81.72. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 47.81 and a beta of 1.41. The firm has a 50-day simple moving average of $63.92 and a 200-day simple moving average of $58.70. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.34.
CECO Environmental (NASDAQ:CECO – Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). The business had revenue of $214.69 million for the quarter, compared to analyst estimates of $205.39 million. CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.CECO Environmental’s quarterly revenue was up 35.4% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. On average, equities research analysts anticipate that CECO Environmental will post 0.67 earnings per share for the current year.
Hedge Funds Weigh In On CECO Environmental
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hood River Capital Management LLC lifted its holdings in shares of CECO Environmental by 0.7% during the 2nd quarter. Hood River Capital Management LLC now owns 1,941,741 shares of the company’s stock valued at $54,971,000 after acquiring an additional 14,073 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after acquiring an additional 9,840 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after acquiring an additional 1,250,373 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of CECO Environmental by 2.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company’s stock valued at $21,443,000 after acquiring an additional 15,176 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of CECO Environmental by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock valued at $43,680,000 after acquiring an additional 8,734 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.
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.