Brokerages Set CECO Environmental Corp. (NASDAQ:CECO) PT at $78.20

Shares of CECO Environmental Corp. (NASDAQ:CECO) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $78.20.

Several research analysts have weighed in on the company. Weiss Ratings lowered CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. HC Wainwright increased their price objective on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Northland Securities raised their target price on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, December 24th. Needham & Company LLC boosted their target price on shares of CECO Environmental from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental in the 3rd quarter valued at about $25,000. Aventura Private Wealth LLC acquired a new position in CECO Environmental during the fourth quarter worth approximately $30,000. Advisory Services Network LLC acquired a new position in CECO Environmental during the third quarter worth approximately $31,000. Global Retirement Partners LLC bought a new stake in CECO Environmental in the third quarter valued at approximately $50,000. Finally, First Horizon Corp acquired a new stake in shares of CECO Environmental in the third quarter valued at approximately $64,000. 68.08% of the stock is owned by institutional investors.

CECO Environmental Trading Up 0.4%

CECO Environmental stock opened at $54.50 on Friday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 40.07 and a beta of 1.39. The firm has a 50-day moving average of $66.09 and a 200-day moving average of $57.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16. CECO Environmental has a one year low of $17.57 and a one year high of $81.72.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The company had revenue of $214.69 million during the quarter, compared to analyst estimates of $205.39 million. During the same period in the prior year, the firm posted $0.27 EPS. CECO Environmental’s revenue was up 35.4% compared to the same quarter last year. On average, equities analysts expect that CECO Environmental will post 0.67 earnings per share for the current fiscal year.

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.