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

CECO Environmental Corp. (NASDAQ:CECE) has received an average recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $9.80.

A number of research firms recently issued reports on CECE. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of CECO Environmental in a research note on Friday, August 9th. BidaskClub cut CECO Environmental from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. Roth Capital upgraded CECO Environmental from a “neutral” rating to a “buy” rating and raised their price objective for the company from $8.00 to $10.00 in a research note on Tuesday, June 11th. Zacks Investment Research cut CECO Environmental from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, B. Riley set a $10.00 price objective on CECO Environmental and gave the company a “buy” rating in a research note on Wednesday, August 7th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in shares of CECO Environmental by 508.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,337 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 5,295 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of CECO Environmental by 117.6% during the 4th quarter. Macquarie Group Ltd. now owns 7,304 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 3,948 shares during the period. Bank of Montreal Can lifted its position in shares of CECO Environmental by 102.9% during the 2nd quarter. Bank of Montreal Can now owns 5,153 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 2,613 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in shares of CECO Environmental during the 4th quarter valued at approximately $73,000. Finally, SG Americas Securities LLC acquired a new stake in shares of CECO Environmental during the 1st quarter valued at approximately $73,000. Institutional investors own 67.92% of the company’s stock.

Shares of NASDAQ CECE traded down $0.33 during trading on Friday, hitting $7.04. 4,997 shares of the company traded hands, compared to its average volume of 114,063. CECO Environmental has a 1 year low of $6.44 and a 1 year high of $9.84. The stock has a 50-day moving average of $8.97. The company has a market cap of $254.71 million, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.06 and a beta of 0.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.61 and a quick ratio of 1.39.

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

CECO Environmental Company Profile

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.

Further Reading: Management Fee

Analyst Recommendations for CECO Environmental (NASDAQ:CECE)

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.