CECO Environmental Corp. (NASDAQ:CECO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

A number of brokerages have commented on CECO. Northland Securities raised their price target on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Needham & Company LLC raised their target price on CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th.

Institutional Investors Weigh In On CECO Environmental

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

CECO Environmental Trading Up 0.6%

Shares of CECO Environmental stock opened at $66.58 on Thursday. CECO Environmental has a 52-week low of $17.57 and a 52-week high of $67.88. The firm has a market capitalization of $2.37 billion, a PE ratio of 47.22 and a beta of 1.39. 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’s fifty day moving average price is $58.03 and its two-hundred day moving average price is $50.03.

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