Analysts Set CECO Environmental Corp. (NASDAQ:CECO) Price Target at $64.75

CECO Environmental Corp. (NASDAQ:CECO) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $64.75.

Several analysts recently commented on CECO shares. Needham & Company LLC lifted their target price on CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Northland Securities raised their price objective on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 24th.

CECO Environmental Trading Up 0.3%

Shares of CECO opened at $68.44 on Thursday. The firm has a market capitalization of $2.44 billion, a P/E ratio of 48.54 and a beta of 1.39. CECO Environmental has a twelve month low of $17.57 and a twelve month high of $68.78. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. The stock’s fifty day simple moving average is $58.79 and its 200 day simple moving average is $50.57.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. CECO Environmental had a return on equity of 10.84% and a net margin of 7.22%.The firm had revenue of $197.60 million during the quarter, compared to the consensus estimate of $190.36 million. During the same period in the prior year, the firm earned $0.14 EPS. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year. On average, equities research analysts forecast that CECO Environmental will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Marex Group plc purchased a new stake in CECO Environmental in the 2nd quarter valued at $707,000. Osterweis Capital Management Inc. purchased a new position in CECO Environmental in the second quarter valued at approximately $7,175,000. First Eagle Investment Management LLC increased its holdings in CECO Environmental by 2.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 601,478 shares of the company’s stock worth $17,028,000 after acquiring an additional 13,200 shares during the last quarter. Calamos Advisors LLC raised its holdings in CECO Environmental by 85.0% during the 2nd quarter. Calamos Advisors LLC now owns 31,224 shares of the company’s stock valued at $884,000 after acquiring an additional 14,346 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of CECO Environmental by 224.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Company Profile

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.