CECO Environmental Corp. (NASDAQ:CECO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Brokerages have given CECO Environmental a consensus rating of "Moderate Buy" (six buys, two holds) with an average 12‑month price target of $78.20, and several firms (Roth MKM, Needham, Northland, Lake Street) recently raised targets into the $68–$80 range.
• In the most recent quarter CECO reported EPS of $0.08, missing estimates by $0.35, though revenue of $214.7M beat expectations and was up 35.4% year‑over‑year; the stock trades near $60 with a market cap of $2.15B and a P/E of about 44.4.

Shares of CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $78.20.

Several equities analysts have weighed in on the company. Roth Mkm raised their target price on CECO Environmental from $58.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Needham & Company LLC restated a "buy" rating and set a $80.00 target price on shares of CECO Environmental in a report on Thursday, March 26th. Northland Securities raised their target price on CECO Environmental from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Wednesday, December 24th. Lake Street Capital restated a "buy" rating and set a $80.00 target price on shares of CECO Environmental in a report on Wednesday, February 25th. Finally, Weiss Ratings downgraded CECO Environmental from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, March 4th.

Institutional Investors Weigh In On CECO Environmental

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental during the third quarter worth about $25,000. Aventura Private Wealth LLC acquired a new stake in CECO Environmental during the fourth quarter worth about $30,000. Advisory Services Network LLC acquired a new stake in CECO Environmental during the third quarter worth about $31,000. Global Retirement Partners LLC acquired a new stake in CECO Environmental during the third quarter worth about $50,000. Finally, First Horizon Corp acquired a new stake in CECO Environmental during the third quarter worth about $64,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Price Performance

Shares of NASDAQ:CECO opened at $60.34 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. CECO Environmental has a 1 year low of $17.57 and a 1 year high of $81.72. The business has a fifty day simple moving average of $64.41 and a 200 day simple moving average of $58.56. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 44.37 and a beta of 1.41.

CECO Environmental (NASDAQ:CECO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The firm had revenue of $214.69 million for the quarter, compared to analysts' expectations of $205.39 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. CECO Environmental's revenue was up 35.4% on a year-over-year basis. As a group, sell-side analysts predict that CECO Environmental will post 0.67 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.