CECO Environmental (NASDAQ:CECO) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of CECO Environmental (NASDAQ:CECO) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Needham & Company LLC increased their target price on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Lake Street Capital restated a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research report on Wednesday, February 25th. Weiss Ratings upgraded shares of CECO Environmental from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. HC Wainwright increased their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $86.83.

CECO Environmental Stock Performance

Shares of NASDAQ:CECO traded up $0.16 on Thursday, reaching $74.30. 499,194 shares of the company’s stock were exchanged, compared to its average volume of 542,005. The company has a fifty day moving average of $61.70 and a 200-day moving average of $60.34. CECO Environmental has a twelve month low of $24.66 and a twelve month high of $81.72. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 200.81 and a beta of 1.53. The company has a current ratio of 1.33, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the business posted $0.10 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. On average, research analysts predict that CECO Environmental will post 1.74 EPS for the current fiscal year.

Institutional Trading of CECO Environmental

Several large investors have recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of CECO Environmental during the 1st quarter worth approximately $69,000. Kornitzer Capital Management Inc. KS acquired a new stake in CECO Environmental in the first quarter valued at approximately $716,000. Equitable Trust Co. acquired a new stake in CECO Environmental in the first quarter valued at approximately $314,000. Cvfg LLC acquired a new stake in CECO Environmental in the first quarter valued at approximately $1,815,000. Finally, Moran Wealth Management LLC boosted its position in CECO Environmental by 393.4% in the first quarter. Moran Wealth Management LLC now owns 56,953 shares of the company’s stock valued at $3,393,000 after buying an additional 45,411 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

Trending Headlines about CECO Environmental

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: Earnings call signals breakout growth — coverage of CECO’s recent earnings call highlights management’s stronger growth outlook and execution, reinforcing investor confidence in revenue and margin momentum. CECO Environmental’s Earnings Call Signals Breakout Growth
• Positive Sentiment: Zacks upgrades CECO to a Rank #1 (Strong Buy) — the upgrade signals rising analyst optimism and can attract short-term buying interest and momentum-driven flows. What Makes CECO (CECO) a New Strong Buy Stock
• Positive Sentiment: Northland Securities lifts multiple EPS forecasts — the firm raised FY2026 and FY2027 estimates materially (FY2026 to $1.86, FY2027 to $2.61) and increased several quarterly forecasts, signaling expectations for stronger earnings trajectory and supporting a higher valuation multiple. (Market commentary compiled from Northland updates)
• Positive Sentiment: Composite rating upgrade — a composite rating upgrade noted in coverage can broaden investor interest and improve perception of the stock’s prospects. Ceco Environmental gets a composite rating upgrade
• Neutral Sentiment: Small pullback in one quarterly estimate — Northland trimmed its Q2 2026 estimate slightly (from $0.33 to $0.32), a minor change that doesn’t alter the broader upward revisions but may temper near-term expectations.
• Negative Sentiment: Investor investigation into the Thermon deal — a Kahn Swick & Foti investigation into the proposed acquisition of Thermon Group raises the prospect of litigation or deal-process scrutiny, creating potential execution or timing risk for the acquisition and share dilution/price effects. Thermon Group Investor Alert

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.