ValuEngine downgraded shares of CECO Environmental (NASDAQ:CECE) from a buy rating to a hold rating in a research report released on Saturday.
Other research analysts have also issued research reports about the stock. Needham & Company LLC reaffirmed a buy rating and set a $7.00 target price on shares of CECO Environmental in a research note on Friday, March 9th. TheStreet lowered shares of CECO Environmental from a c- rating to a d+ rating in a research note on Monday, November 27th. Finally, Zacks Investment Research raised shares of CECO Environmental from a sell rating to a hold rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $9.00.
CECO Environmental (CECE) opened at $5.11 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.38 and a current ratio of 1.57. The firm has a market cap of $160.48, a PE ratio of -56.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. CECO Environmental has a 12 month low of $4.00 and a 12 month high of $12.03.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC boosted its stake in shares of CECO Environmental by 23.2% in the second quarter. Voya Investment Management LLC now owns 15,660 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 2,947 shares during the period. Macquarie Group Ltd. purchased a new position in shares of CECO Environmental in the third quarter valued at approximately $205,000. Sei Investments Co. purchased a new position in shares of CECO Environmental in the third quarter valued at approximately $210,000. The Manufacturers Life Insurance Company boosted its stake in shares of CECO Environmental by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,404 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 2,471 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of CECO Environmental by 67.9% in the third quarter. Citadel Advisors LLC now owns 28,768 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 11,633 shares during the period. 66.38% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “ValuEngine Lowers CECO Environmental (CECE) to Hold” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3260379/valuengine-lowers-ceco-environmental-cece-to-hold.html.
About CECO Environmental
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for CECO Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental and related companies with MarketBeat.com's FREE daily email newsletter.