Needham & Company LLC Issues Positive Forecast for CECO Environmental (NASDAQ:CECO) Stock Price

CECO Environmental (NASDAQ:CECO) had its target price boosted by equities researchers at Needham & Company LLC from $70.00 to $75.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 10.79% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, October 8th. 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, Northland Securities boosted their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.75.

CECO Environmental Stock Performance

Shares of CECO stock traded up $1.54 on Friday, reaching $67.70. The stock had a trading volume of 83,284 shares, compared to its average volume of 209,659. The stock has a market cap of $2.41 billion, a P/E ratio of 47.78 and a beta of 1.39. CECO Environmental has a 1 year low of $17.57 and a 1 year high of $67.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. The company has a 50 day simple moving average of $56.96 and a 200 day simple moving average of $48.83.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company 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 for the quarter was up 45.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. Equities research analysts expect that CECO Environmental will post 0.67 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in CECO Environmental during the third quarter valued at about $25,000. Aventura Private Wealth LLC bought a new position in shares of CECO Environmental in the fourth quarter worth about $30,000. Advisory Services Network LLC purchased a new stake in shares of CECO Environmental during the third quarter worth about $31,000. Farther Finance Advisors LLC raised its stake in 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. Finally, Global Retirement Partners LLC purchased a new position in CECO Environmental in the 3rd quarter worth approximately $50,000. Institutional investors 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.