CECO Environmental (NASDAQ:CECO) Shares Gap Up - Here's What Happened

Key Points

• CECO Environmental shares gapped up Monday, opening at $77.82 after a $74.30 close and last trading at $75.86 on volume of 96,996 shares.
• The company beat Q1 expectations with $0.36 EPS versus $0.12 estimated and revenue of $205.92 million, up 16.5% year-over-year.
• Analysts are broadly positive — the consensus rating is Buy (1 Strong Buy, 7 Buy, 1 Hold) with an average price target of $86.83 and several firms recently raising targets up to $103.

Shares of CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $74.30, but opened at $77.82. CECO Environmental shares last traded at $75.86, with a volume of 96,996 shares trading hands.

Wall Street Analyst Weigh In

CECO has been the topic of several recent analyst reports. Lake Street Capital restated a "buy" rating and set a $80.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 25th. Craig Hallum restated a "buy" rating and set a $103.00 price objective on shares of CECO Environmental in a research report on Tuesday, April 28th. HC Wainwright raised their price objective 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. Needham & Company LLC raised their price objective on shares of CECO Environmental from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of CECO Environmental from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, CECO Environmental presently has an average rating of "Buy" and a consensus target price of $86.83.

CECO Environmental Stock Performance

The business's fifty day simple moving average is $61.70 and its 200-day simple moving average is $60.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The company has a market capitalization of $2.78 billion, a P/E ratio of 209.73 and a beta of 1.53.

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

Institutional Trading of CECO Environmental

A number of large investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in shares of CECO Environmental in the 1st quarter worth about $69,000. Kornitzer Capital Management Inc. KS bought a new stake in shares of CECO Environmental in the 1st quarter worth about $716,000. Equitable Trust Co. bought a new stake in shares of CECO Environmental in the 1st quarter worth about $314,000. Cvfg LLC bought a new stake in shares of CECO Environmental in the 1st quarter worth about $1,815,000. Finally, Moran Wealth Management LLC increased its holdings in shares of CECO Environmental by 393.4% in the 1st quarter. Moran Wealth Management LLC now owns 56,953 shares of the company's stock worth $3,393,000 after buying an additional 45,411 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Company Profile

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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