CECO Environmental Corp. (NASDAQ:CECO) Receives $27.25 Consensus PT from Analysts

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

A number of brokerages have commented on CECO. Northland Securities lifted their target price on CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of CECO Environmental in a research note on Wednesday. Roth Mkm raised their target price on CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC upped their price target on shares of CECO Environmental from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Craig Hallum increased their price objective on shares of CECO Environmental from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday.

CECO Environmental Trading Down 2.3 %

NASDAQ:CECO opened at $22.45 on Wednesday. The company has a market cap of $784.40 million, a PE ratio of 64.14, a P/E/G ratio of 1.57 and a beta of 1.24. The business’s 50 day moving average is $22.70 and its two-hundred day moving average is $20.36. The company has a quick ratio of 1.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.53. CECO Environmental has a 52 week low of $10.68 and a 52 week high of $25.82.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. CECO Environmental had a return on equity of 11.57% and a net margin of 2.23%. The firm had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $135.82 million. During the same period last year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts predict that CECO Environmental will post 0.94 EPS for the current year.

Insider Transactions at CECO Environmental

In related news, Director Richard F. Wallman bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the transaction, the director now directly owns 191,853 shares of the company’s stock, valued at approximately $4,211,173.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Laurie Siegel acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $19.87 per share, for a total transaction of $49,675.00. Following the completion of the acquisition, the director now directly owns 7,906 shares in the company, valued at approximately $157,092.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard F. Wallman bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost of $21.95 per share, with a total value of $109,750.00. Following the purchase, the director now directly owns 191,853 shares of the company’s stock, valued at $4,211,173.35. The disclosure for this purchase can be found here. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AJOVista LLC acquired a new stake in shares of CECO Environmental during the 4th quarter valued at $57,000. Tower Research Capital LLC TRC lifted its holdings in shares of CECO Environmental by 89.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $94,000 after purchasing an additional 2,195 shares during the last quarter. Kessler Investment Group LLC acquired a new position in shares of CECO Environmental in the 4th quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in CECO Environmental in the 4th quarter worth about $159,000. Finally, Guyasuta Investment Advisors Inc. acquired a new stake in CECO Environmental during the 4th quarter worth about $203,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Company Profile

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.