CECO Environmental (NASDAQ:CECO) Reaches New 52-Week High – What’s Next?

CECO Environmental Corp. (NASDAQ:CECO)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $71.69 and last traded at $71.02, with a volume of 194455 shares. The stock had previously closed at $70.21.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Northland Securities increased their price objective on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, December 24th. Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Needham & Company LLC upped their target price on shares of CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.75.

CECO Environmental Price Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13. The company has a 50-day simple moving average of $60.48 and a 200-day simple moving average of $51.53. The stock has a market cap of $2.49 billion, a PE ratio of 49.90 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.26 earnings per share (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 the consensus estimate of $190.36 million. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The company’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. Sell-side analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors have recently bought and sold shares of CECO. Caitong International Asset Management Co. Ltd purchased a new stake in shares of CECO Environmental during the 3rd quarter worth about $25,000. Aventura Private Wealth LLC purchased a new position in shares of CECO Environmental during the 4th quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in shares of CECO Environmental in the 3rd quarter worth about $31,000. Farther Finance Advisors LLC lifted its holdings in CECO Environmental by 224.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock worth $41,000 after buying an additional 1,000 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in CECO Environmental in the third quarter worth $50,000. 68.08% of the stock is currently owned by hedge funds and other 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.