CECO Environmental (NASDAQ:CECO) Reaches New 1-Year High – Still a Buy?
by Jessica Moore · The Cerbat GemCECO Environmental Corp. (NASDAQ:CECO – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $90.42 and last traded at $90.24, with a volume of 1026298 shares trading hands. The stock had previously closed at $81.71.
Analysts Set New Price Targets
A number of research analysts recently commented on CECO shares. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Needham & Company LLC lifted their target price on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Roth Mkm reiterated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research report on Wednesday, April 29th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $86.83.
Get Our Latest Stock Analysis on CECO
CECO Environmental Trading Down 4.2%
The company has a market cap of $2.99 billion, a price-to-earnings ratio of 225.16 and a beta of 1.53. The firm has a 50-day moving average price of $70.25 and a 200 day moving average price of $64.54. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78.
CECO Environmental (NASDAQ:CECO – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. The company had revenue of $205.92 million during the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. As a group, sell-side analysts forecast that CECO Environmental Corp. will post 1.77 EPS for the current year.
Institutional Trading of CECO Environmental
Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of CECO Environmental by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock worth $106,569,000 after purchasing an additional 9,840 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of CECO Environmental by 16,844.6% in the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after purchasing an additional 1,250,373 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CECO Environmental by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock worth $53,813,000 after purchasing an additional 7,751 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CECO Environmental by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock worth $43,680,000 after purchasing an additional 8,734 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of CECO Environmental by 104.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after purchasing an additional 366,611 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.
About CECO Environmental
CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.
CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.