CECO Environmental Corp. (NASDAQ:CECO) Receives $27.40 Consensus Price Target from Brokerages

CECO Environmental Corp. (NASDAQ:CECOGet Free Report) has been given an average rating of “Buy” by the five ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is $27.40.

Several research analysts recently issued reports on the stock. Roth Mkm upped their target price on shares of CECO Environmental from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Craig Hallum raised their price objective on CECO Environmental from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 target price on shares of CECO Environmental in a research note on Wednesday, May 1st. Northland Securities increased their price target on shares of CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Finally, Needham & Company LLC boosted their price objective on shares of CECO Environmental from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st.

View Our Latest Stock Report on CECO Environmental

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average cost of $24.50 per share, with a total value of $98,000.00. Following the completion of the purchase, the director now directly owns 205,319 shares of the company’s stock, valued at $5,030,315.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Richard F. Wallman acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the acquisition, the director now owns 191,853 shares of the company’s stock, valued at $4,211,173.35. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman bought 4,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average cost of $24.50 per share, for a total transaction of $98,000.00. Following the purchase, the director now directly owns 205,319 shares in the company, valued at approximately $5,030,315.50. The disclosure for this purchase can be found here. Corporate insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CECO. AJOVista LLC bought a new stake in shares of CECO Environmental during the fourth quarter valued at approximately $57,000. EntryPoint Capital LLC purchased a new stake in shares of CECO Environmental in the 1st quarter worth about $72,000. Tower Research Capital LLC TRC boosted its stake in CECO Environmental by 89.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $94,000 after acquiring an additional 2,195 shares in the last quarter. Kessler Investment Group LLC purchased a new stake in CECO Environmental in the fourth quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of CECO Environmental during the fourth quarter valued at approximately $159,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $26.45 on Thursday. The stock’s 50-day simple moving average is $24.21 and its two-hundred day simple moving average is $22.08. CECO Environmental has a twelve month low of $11.46 and a twelve month high of $26.80. The firm has a market capitalization of $924.06 million, a P/E ratio of 75.57, a P/E/G ratio of 1.74 and a beta of 1.35. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.53.

CECO Environmental (NASDAQ:CECOGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. CECO Environmental had a net margin of 2.23% and a return on equity of 11.57%. The company had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $135.82 million. During the same period in the prior year, the business earned $0.10 earnings per share. CECO Environmental’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that CECO Environmental will post 0.94 EPS for the current fiscal year.

CECO Environmental Company Profile

(Get Free Report

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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Analyst Recommendations for CECO Environmental (NASDAQ:CECO)

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