CECO Environmental Corp. (NASDAQ:CECO) Receives $102.83 Consensus Target Price from Analysts

CECO Environmental Corp. (NASDAQ:CECO) has been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $102.8333.

Several research firms have recently weighed in on CECO. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Craig Hallum reiterated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Roth Mkm reiterated a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Finally, Lake Street Capital raised their target price on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman acquired 20,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 18.40% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in CECO Environmental during the 3rd quarter worth approximately $25,000. Morton Brown Family Wealth LLC purchased a new stake in CECO Environmental during the 1st quarter worth approximately $29,000. Aventura Private Wealth LLC bought a new stake in shares of CECO Environmental in 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 valued at approximately $31,000. Finally, KBC Group NV bought a new stake in shares of CECO Environmental in the 1st quarter valued at approximately $44,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Stock Performance

NASDAQ CECO opened at $95.09 on Friday. The firm has a market capitalization of $3.41 billion, a P/E ratio of 257.00 and a beta of 1.49. CECO Environmental has a 1-year low of $28.01 and a 1-year high of $101.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The business’s 50-day simple moving average is $81.82 and its 200-day simple moving average is $69.93.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.24. The business had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. Equities analysts predict that CECO Environmental will post 1.96 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.