CECO Environmental (NASDAQ:CECO) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

CECO Environmental (NASDAQ:CECO) had its target price upped by stock analysts at Needham & Company LLC from $70.00 to $75.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 11.87% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Northland Securities upped their target price on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, December 24th. Zacks Research upgraded shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.75.

CECO Environmental Trading Up 1.3%

NASDAQ CECO opened at $67.04 on Friday. The firm’s 50 day moving average price is $57.23 and its two-hundred day moving average price is $49.25. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 47.55 and a beta of 1.39. CECO Environmental has a twelve month low of $17.57 and a twelve month high of $67.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $197.60 million during the quarter, compared to analysts’ expectations of $190.36 million. CECO Environmental had a return on equity of 10.84% and a net margin of 7.22%.CECO Environmental’s revenue was up 45.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. Equities analysts anticipate that CECO Environmental will post 0.67 EPS for the current year.

Institutional Investors Weigh In On CECO Environmental

A number of large investors have recently bought and sold shares of CECO. SageView Advisory Group LLC lifted its position in shares of CECO Environmental by 1.0% in the second quarter. SageView Advisory Group LLC now owns 29,595 shares of the company’s stock worth $838,000 after buying an additional 290 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after acquiring an additional 412 shares in the last quarter. Ellsworth Advisors LLC lifted its holdings in CECO Environmental by 3.2% in the 4th quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock worth $996,000 after purchasing an additional 462 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental in the 3rd quarter worth approximately $25,000. Finally, Aventura Private Wealth LLC bought a new stake in CECO Environmental during the fourth quarter worth approximately $30,000. 68.08% of the stock is currently owned by institutional investors.

About CECO Environmental

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.