CECO Environmental (NASDAQ:CECE) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.
CECE has been the topic of a number of other reports. Zacks Investment Research upgraded shares of CECO Environmental from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Needham & Company LLC raised their price target on shares of CECO Environmental from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Roth Capital set a $8.00 price target on shares of CECO Environmental and gave the stock a “hold” rating in a research report on Thursday, August 9th. Finally, BidaskClub downgraded shares of CECO Environmental from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $9.00.
Shares of CECO Environmental stock traded down $0.25 during trading hours on Thursday, reaching $8.08. The company’s stock had a trading volume of 99,100 shares, compared to its average volume of 128,223. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.45 and a current ratio of 1.65. CECO Environmental has a one year low of $4.00 and a one year high of $9.18. The company has a market cap of $281.04 million, a P/E ratio of 29.93, a PEG ratio of 1.99 and a beta of 0.92.
Large investors have recently modified their holdings of the stock. DnB Asset Management AS bought a new stake in CECO Environmental in the 2nd quarter valued at about $1,611,000. Private Advisor Group LLC bought a new stake in CECO Environmental in the 2nd quarter valued at about $101,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in CECO Environmental by 9.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,513 shares of the industrial products company’s stock valued at $2,023,000 after purchasing an additional 29,400 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in CECO Environmental by 124.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 80,756 shares of the industrial products company’s stock valued at $496,000 after purchasing an additional 44,700 shares during the last quarter. Finally, Trigran Investments Inc. lifted its position in CECO Environmental by 1.8% in the 2nd quarter. Trigran Investments Inc. now owns 4,364,505 shares of the industrial products company’s stock valued at $26,798,000 after purchasing an additional 76,999 shares during the last quarter. Hedge funds and other institutional investors own 65.05% of the company’s stock.
CECO Environmental Company Profile
CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.
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