CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) has earned an average recommendation of "Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $34.80.
Several research firms recently commented on CECO. HC Wainwright upped their price target on shares of CECO Environmental from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Needham & Company LLC increased their target price on shares of CECO Environmental from $34.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Roth Mkm lifted their price target on shares of CECO Environmental from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Northland Securities boosted their price target on CECO Environmental from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Finally, Craig Hallum raised their price objective on CECO Environmental from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st.
Get Our Latest Stock Analysis on CECO Environmental
Shares of CECO opened at $29.01 on Friday. The firm's 50-day simple moving average is $27.97 and its 200 day simple moving average is $25.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.36. The firm has a market cap of $1.01 billion, a P/E ratio of 82.89, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33. CECO Environmental has a 52 week low of $15.27 and a 52 week high of $31.55.
CECO Environmental (NASDAQ:CECO - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $137.50 million for the quarter, compared to analyst estimates of $143.33 million. CECO Environmental had a return on equity of 12.35% and a net margin of 2.33%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. On average, analysts forecast that CECO Environmental will post 0.93 earnings per share for the current year.
In other CECO Environmental news, Director Richard F. Wallman bought 10,000 shares of CECO Environmental stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $28.77 per share, with a total value of $287,700.00. Following the acquisition, the director now owns 62,000 shares in the company, valued at approximately $1,783,740. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.90% of the company's stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in CECO Environmental by 45.3% in the 2nd quarter. CWM LLC now owns 2,270 shares of the company's stock worth $65,000 after purchasing an additional 708 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of CECO Environmental in the first quarter valued at approximately $72,000. SG Americas Securities LLC bought a new stake in CECO Environmental during the 2nd quarter worth approximately $201,000. Kessler Investment Group LLC increased its position in CECO Environmental by 27.8% in the 2nd quarter. Kessler Investment Group LLC now owns 7,166 shares of the company's stock valued at $207,000 after acquiring an additional 1,560 shares during the period. Finally, Arizona State Retirement System bought a new position in shares of CECO Environmental during the second quarter valued at $239,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.
CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.
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