CECO Environmental Corp. (NASDAQ:CECO) Receives $106.71 Consensus Target Price from Analysts

Shares of CECO Environmental Corp. (NASDAQ:CECO) have received a consensus recommendation of “Buy” from the ten research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $106.7143.

A number of analysts recently weighed in on the stock. Needham & Company LLC upped their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Roth Capital restated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. Craig Hallum reaffirmed a “buy” rating and set a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th.

CECO Environmental Stock Down 0.5%

Shares of CECO stock opened at $79.93 on Thursday. CECO Environmental has a one year low of $31.00 and a one year high of $101.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The stock has a fifty day moving average price of $85.78 and a 200 day moving average price of $72.50. The stock has a market cap of $2.87 billion, a P/E ratio of 216.03 and a beta of 1.47.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The firm had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts predict that CECO Environmental will post 1.97 earnings per share for the current year.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares in the company, valued at $16,037,260. This represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman acquired 20,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the acquisition, the director owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This trade represents a 23.39% increase in their position. The SEC filing for this purchase provides additional information. 18.40% of the stock is owned by insiders.

Institutional Investors Weigh In On CECO Environmental

Large investors have recently made changes to their positions in the company. Fulton Bank N.A. acquired a new stake in shares of CECO Environmental during the 2nd quarter worth about $299,000. Oliver Luxxe Assets LLC acquired a new position in CECO Environmental in the second quarter valued at about $2,230,000. Assenagon Asset Management S.A. acquired a new position in CECO Environmental in the second quarter valued at about $19,944,000. GAMMA Investing LLC grew its stake in CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after buying an additional 154 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in CECO Environmental during the first quarter worth about $1,066,000. Institutional investors own 68.08% of the company’s stock.

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.