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

Shares of CECO Environmental Corp. (NASDAQ:CECE) have earned an average rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $9.80.

A number of research analysts recently weighed in on the stock. Maxim Group set a $10.00 price objective on shares of CECO Environmental and gave the company a “buy” rating in a report on Wednesday, August 7th. Roth Capital upgraded shares of CECO Environmental from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $8.00 to $10.00 in a report on Tuesday, June 11th. BidaskClub cut shares of CECO Environmental from a “sell” rating to a “strong sell” rating in a report on Friday, August 9th. ValuEngine cut shares of CECO Environmental from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of CECO Environmental in a report on Friday, August 9th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP grew its stake in shares of CECO Environmental by 3,401.8% during the 2nd quarter. Susquehanna International Group LLP now owns 13,207 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 13,607 shares during the period. Essex Investment Management Co. LLC grew its stake in shares of CECO Environmental by 17.3% during the 2nd quarter. Essex Investment Management Co. LLC now owns 234,924 shares of the industrial products company’s stock worth $2,253,000 after purchasing an additional 34,700 shares during the period. Argent Capital Management LLC grew its stake in shares of CECO Environmental by 7.0% during the 2nd quarter. Argent Capital Management LLC now owns 351,919 shares of the industrial products company’s stock worth $3,375,000 after purchasing an additional 22,925 shares during the period. Morgan Stanley grew its stake in shares of CECO Environmental by 2.2% during the 2nd quarter. Morgan Stanley now owns 83,620 shares of the industrial products company’s stock worth $802,000 after purchasing an additional 1,826 shares during the period. Finally, Putnam Investments LLC grew its stake in shares of CECO Environmental by 25.0% during the 2nd quarter. Putnam Investments LLC now owns 239,132 shares of the industrial products company’s stock worth $2,293,000 after purchasing an additional 47,865 shares during the period. Institutional investors own 67.92% of the company’s stock.



Shares of CECE stock traded up $0.06 during trading on Friday, reaching $7.03. The company’s stock had a trading volume of 91,100 shares, compared to its average volume of 114,089. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.61 and a quick ratio of 1.39. The company has a market capitalization of $259.46 million, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.02 and a beta of 0.88. The stock’s 50-day moving average price is $8.84 and its 200 day moving average price is $8.26. CECO Environmental has a 1-year low of $6.44 and a 1-year high of $9.84.

CECO Environmental (NASDAQ:CECE) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $81.18 million during the quarter, compared to analyst estimates of $86.67 million. CECO Environmental had a negative net margin of 1.32% and a positive return on equity of 7.57%. On average, sell-side analysts anticipate that CECO Environmental will post 0.48 EPS for the current fiscal year.

About CECO Environmental

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.

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Analyst Recommendations for CECO Environmental (NASDAQ:CECE)

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