CECO Environmental Corp. (NASDAQ:CECO) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy": Nine analysts (seven buys, two holds) give CECO a consensus rating of Moderate Buy with an average 12‑month price target of $86.83, and several firms have recently raised targets (e.g., Needham/HC Wainwright to $90, Craig Hallum to $103).
• Strong quarterly results and upgrades: CECO beat estimates with EPS $0.36 vs $0.12 and revenue $205.9M (+16.5% YoY), prompting upward earnings revisions from firms like Northland and a Zacks upgrade that support a higher valuation outlook.
• Deal risk: An investor investigation into the proposed Thermon acquisition introduces potential litigation, execution and dilution risks that could impact the transaction timeline and the stock price.

CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $86.8333.

CECO has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday. HC Wainwright boosted their target price on shares of CECO Environmental from $55.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Lake Street Capital reiterated a "buy" rating and set a $80.00 target price on shares of CECO Environmental in a research report on Wednesday, February 25th. Craig Hallum reiterated a "buy" rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday. Finally, Roth Mkm reiterated a "buy" rating and set a $85.00 target price on shares of CECO Environmental in a research report on Wednesday.

Institutional Trading of CECO Environmental

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morton Brown Family Wealth LLC bought a new stake in CECO Environmental during the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new stake in CECO Environmental during the 3rd quarter valued at $25,000. Aventura Private Wealth LLC bought a new stake in CECO Environmental during the 4th quarter valued at $30,000. Advisory Services Network LLC bought a new stake in shares of CECO Environmental in the 3rd quarter worth $31,000. Finally, Global Retirement Partners LLC bought a new stake in shares of CECO Environmental in the 3rd quarter worth $50,000. Institutional investors own 68.08% of the company's stock.

Trending Headlines about CECO Environmental

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: Earnings call signals breakout growth — coverage of CECO’s recent earnings call highlights management’s stronger growth outlook and execution, reinforcing investor confidence in revenue and margin momentum. CECO Environmental’s Earnings Call Signals Breakout Growth
• Positive Sentiment: Zacks upgrades CECO to a Rank #1 (Strong Buy) — the upgrade signals rising analyst optimism and can attract short-term buying interest and momentum-driven flows. What Makes CECO (CECO) a New Strong Buy Stock
• Positive Sentiment: Northland Securities lifts multiple EPS forecasts — the firm raised FY2026 and FY2027 estimates materially (FY2026 to $1.86, FY2027 to $2.61) and increased several quarterly forecasts, signaling expectations for stronger earnings trajectory and supporting a higher valuation multiple. (Market commentary compiled from Northland updates)
• Positive Sentiment: Composite rating upgrade — a composite rating upgrade noted in coverage can broaden investor interest and improve perception of the stock’s prospects. Ceco Environmental gets a composite rating upgrade
• Neutral Sentiment: Small pullback in one quarterly estimate — Northland trimmed its Q2 2026 estimate slightly (from $0.33 to $0.32), a minor change that doesn’t alter the broader upward revisions but may temper near-term expectations.
• Negative Sentiment: Investor investigation into the Thermon deal — a Kahn Swick & Foti investigation into the proposed acquisition of Thermon Group raises the prospect of litigation or deal-process scrutiny, creating potential execution or timing risk for the acquisition and share dilution/price effects. Thermon Group Investor Alert

CECO Environmental Stock Up 0.2%

Shares of NASDAQ CECO opened at $74.30 on Friday. The company has a market capitalization of $2.67 billion, a P/E ratio of 200.81 and a beta of 1.53. CECO Environmental has a 52-week low of $24.66 and a 52-week high of $81.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.33. The company's 50 day moving average price is $61.70 and its 200-day moving average price is $60.34.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company's revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS. Equities analysts forecast that CECO Environmental will post 1.74 earnings per share for the current 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.

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