Shares of CECO Environmental Corp. (NASDAQ:CECE – Get Rating) have received an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.67.
Several research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $9.00 target price on shares of CECO Environmental in a report on Tuesday, March 15th. HC Wainwright reiterated a “buy” rating and set a $15.00 target price on shares of CECO Environmental in a report on Tuesday, March 15th. Lake Street Capital assumed coverage on CECO Environmental in a report on Friday, April 29th. They set a “buy” rating and a $14.00 target price on the stock. StockNews.com lowered CECO Environmental from a “buy” rating to a “hold” rating in a report on Friday. Finally, TheStreet lowered CECO Environmental from a “c” rating to a “d+” rating in a report on Monday, March 14th.
In other news, Director Richard F. Wallman purchased 13,087 shares of the company’s stock in a transaction on Monday, March 21st. The shares were purchased at an average price of $5.87 per share, with a total value of $76,820.69. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired a total of 17,893 shares of company stock worth $103,170 in the last three months. Company insiders own 13.50% of the company’s stock.
NASDAQ:CECE opened at $6.07 on Tuesday. CECO Environmental has a 12-month low of $4.09 and a 12-month high of $8.37. The company has a quick ratio of 1.43, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $213.35 million, a P/E ratio of 75.88, a P/E/G ratio of 0.76 and a beta of 1.22. The stock’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $5.78.
CECO Environmental (NASDAQ:CECE – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.08. CECO Environmental had a return on equity of 5.77% and a net margin of 0.88%. The business had revenue of $92.44 million for the quarter, compared to analyst estimates of $83.09 million. During the same period last year, the company earned $0.09 EPS. As a group, equities research analysts expect that CECO Environmental will post 0.54 earnings per share for the current year.
CECO Environmental Company Profile (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.
- Get a free copy of the StockNews.com research report on CECO Environmental (CECE)
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