CECO Environmental’s (CECO) “Neutral” Rating Reaffirmed at HC Wainwright

CECO Environmental (NASDAQ:CECO)‘s stock had its “neutral” rating reiterated by stock analysts at HC Wainwright in a note issued to investors on Wednesday,Benzinga reports.

Several other analysts have also weighed in on the company. Craig Hallum increased their price target on CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a report on Monday, January 6th. Northland Securities increased their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC dropped their price target on shares of CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

CECO Environmental Stock Performance

Shares of NASDAQ:CECO opened at $24.51 on Wednesday. The firm has a fifty day simple moving average of $28.69 and a two-hundred day simple moving average of $28.29. CECO Environmental has a 52 week low of $18.50 and a 52 week high of $35.16. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $857.34 million, a P/E ratio of 74.27, a PEG ratio of 1.39 and a beta of 1.41.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The company had revenue of $158.60 million during the quarter, compared to analyst estimates of $156.09 million. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, analysts expect that CECO Environmental will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of CECO Environmental

Large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. increased its stake in CECO Environmental by 71.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock worth $40,000 after buying an additional 591 shares during the period. Mackenzie Financial Corp purchased a new position in shares of CECO Environmental during the fourth quarter worth approximately $56,000. Heck Capital Advisors LLC bought a new stake in shares of CECO Environmental during the fourth quarter valued at approximately $74,000. Quest Partners LLC purchased a new stake in shares of CECO Environmental in the third quarter valued at approximately $69,000. Finally, Morse Asset Management Inc bought a new position in CECO Environmental in the third quarter worth approximately $76,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.