CECO Environmental Corp. (NASDAQ:CECO) Receives Average Rating of "Buy" from Analysts

Key Points

• CECO Environmental Corp. has received a consensus recommendation of "Buy" from six brokerages, with an average 1-year target price of $50.80.
• The company reported $0.24 EPS for the last quarter, exceeding analysts' expectations of $0.20, and generated a revenue of $185.39 million against an estimated $178.66 million.
• Recent insider trading revealed the sale of 120,000 shares of CECO stock by directors, totaling approximately $5.1 million in transactions over the last three months.

Shares of CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is $50.80.

CECO has been the topic of several analyst reports. Northland Securities set a $51.00 target price on shares of CECO Environmental in a report on Wednesday, July 30th. HC Wainwright increased their target price on shares of CECO Environmental from $33.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Lake Street Capital reiterated a "buy" rating and issued a $56.00 target price on shares of CECO Environmental in a report on Wednesday, July 30th. Needham & Company LLC increased their target price on shares of CECO Environmental from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Citigroup reaffirmed an "outperform" rating on shares of CECO Environmental in a research report on Wednesday, July 30th.

CECO Environmental Price Performance

Shares of CECO traded down $1.10 during mid-day trading on Monday, hitting $45.59. 709,233 shares of the company traded hands, compared to its average volume of 418,201. CECO Environmental has a one year low of $17.57 and a one year high of $48.58. The company has a current ratio of 1.34, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average of $37.82 and a 200 day moving average of $28.96. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.65 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. CECO Environmental had a net margin of 7.99% and a return on equity of 10.00%. The firm had revenue of $185.39 million for the quarter, compared to analysts' expectations of $178.66 million. CECO Environmental has set its FY 2025 guidance at EPS. As a group, equities analysts expect that CECO Environmental will post 0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Claudio A. Mannarino sold 20,000 shares of CECO Environmental stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $41.51, for a total transaction of $830,200.00. Following the completion of the sale, the director owned 77,589 shares of the company's stock, valued at approximately $3,220,719.39. The trade was a 20.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jason Dezwirek sold 70,000 shares of CECO Environmental stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $42.75, for a total transaction of $2,992,500.00. Following the sale, the director directly owned 230,000 shares of the company's stock, valued at $9,832,500. The trade was a 23.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,000 shares of company stock valued at $5,128,900. 18.40% of the stock is owned by insiders.

Institutional Trading of CECO Environmental

A number of institutional investors have recently bought and sold shares of CECO. Farther Finance Advisors LLC boosted its holdings in CECO Environmental by 224.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company's stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Mackenzie Financial Corp bought a new stake in CECO Environmental in the 4th quarter valued at about $56,000. Heck Capital Advisors LLC bought a new stake in CECO Environmental in the 4th quarter valued at about $74,000. Raymond James Financial Inc. bought a new stake in CECO Environmental in the 2nd quarter valued at about $102,000. Finally, Canada Pension Plan Investment Board boosted its holdings in CECO Environmental by 6,200.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 6,300 shares of the company's stock valued at $178,000 after purchasing an additional 6,200 shares during the period. Institutional investors own 68.08% of the company's stock.

CECO Environmental Company Profile

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.