CECO Environmental Corp. (NASDAQ:CECO) Given Consensus Recommendation of “Buy” by Analysts

CECO Environmental Corp. (NASDAQ:CECO) has earned an average recommendation of “Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $27.40.

A number of brokerages have recently commented on CECO. Northland Securities lifted their target price on CECO Environmental from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Needham & Company LLC lifted their price target on shares of CECO Environmental from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Craig Hallum increased their price objective on shares of CECO Environmental from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. HC Wainwright reiterated a “buy” rating and issued a $30.00 price target on shares of CECO Environmental in a report on Wednesday, May 1st. Finally, Roth Mkm increased their target price on CECO Environmental from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th.

Insider Buying and Selling

In other news, Director Laurie Siegel bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $19.87 per share, for a total transaction of $49,675.00. Following the completion of the transaction, the director now directly owns 7,906 shares in the company, valued at $157,092.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Laurie Siegel bought 2,500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $19.87 per share, with a total value of $49,675.00. Following the purchase, the director now directly owns 7,906 shares in the company, valued at approximately $157,092.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard F. Wallman bought 4,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $24.50 per share, for a total transaction of $98,000.00. Following the transaction, the director now owns 205,319 shares of the company’s stock, valued at $5,030,315.50. The disclosure for this purchase can be found here. Insiders bought 11,500 shares of company stock worth $257,425 in the last 90 days. Insiders own 16.90% of the company’s stock.

Institutional Trading of CECO Environmental

A number of hedge funds have recently bought and sold shares of CECO. AJOVista LLC acquired a new position in CECO Environmental in the 4th quarter valued at about $57,000. EntryPoint Capital LLC purchased a new position in shares of CECO Environmental in the first quarter valued at approximately $72,000. Tower Research Capital LLC TRC increased its position in shares of CECO Environmental by 89.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $94,000 after acquiring an additional 2,195 shares during the period. Kessler Investment Group LLC acquired a new stake in shares of CECO Environmental in the fourth quarter valued at $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in CECO Environmental in the fourth quarter valued at $159,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Stock Performance

NASDAQ CECO opened at $25.94 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.38 and a quick ratio of 1.19. CECO Environmental has a 1-year low of $10.68 and a 1-year high of $26.04. The business has a 50 day simple moving average of $23.65 and a two-hundred day simple moving average of $21.34. The stock has a market capitalization of $906.34 million, a PE ratio of 74.11, a P/E/G ratio of 1.77 and a beta of 1.24.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, April 30th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. CECO Environmental had a net margin of 2.23% and a return on equity of 11.57%. The firm had revenue of $126.30 million during the quarter, compared to analyst estimates of $135.82 million. During the same period last year, the firm posted $0.10 earnings per share. CECO Environmental’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts predict that CECO Environmental will post 0.94 EPS for the current fiscal year.

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.