CECO Environmental (NASDAQ:CECO) Sets New 1-Year High After Analyst Upgrade

CECO Environmental Corp. (NASDAQ:CECOGet Rating) shares reached a new 52-week high during mid-day trading on Monday after Craig Hallum raised their price target on the stock from $17.00 to $19.00. Craig Hallum currently has a buy rating on the stock. CECO Environmental traded as high as $14.81 and last traded at $14.66, with a volume of 283458 shares. The stock had previously closed at $14.28.

Separately, Needham & Company LLC increased their price objective on CECO Environmental from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, January 11th.

CECO Environmental Price Performance

The stock has a market capitalization of $496.92 million, a price-to-earnings ratio of 72.50, a PEG ratio of 1.01 and a beta of 1.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.59 and a quick ratio of 1.42. The stock has a 50-day moving average price of $12.28.

CECO Environmental (NASDAQ:CECOGet Rating) last announced its earnings results on Monday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. The business had revenue of $108.41 million for the quarter, compared to analysts’ expectations of $97.07 million. CECO Environmental had a return on equity of 8.12% and a net margin of 2.58%. Equities analysts expect that CECO Environmental Corp. will post 0.73 earnings per share for the current year.

CECO Environmental Company Profile

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CECO Environmental Corp. engages in the provision of engineering technology and solutions. It offers services in the field of environment, energy, fluid handling, and filtration. The firm operates through the following segments: Energy Solutions, Industrial Solutions and Fluid Handling Solutions. The Energy Solutions segment improves air quality and solves fluid handling needs with market engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries.

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