CECO Environmental (NASDAQ:CECO) Stock Price Up 9.6% - Here's What Happened

Key Points

• Stock jump: CECO shares rose 9.6% to about $85.64 on Tuesday, though trading volume was ~98,821 shares—roughly an 82% decline from the stock's average daily volume.
• Earnings beat: CECO reported Q1 EPS of $0.36 versus $0.12 expected and revenue of $205.92 million (up 16.5% year-over-year), outperforming analysts' estimates.
• Analyst sentiment: Analysts are largely bullish (one Strong Buy, seven Buy, one Hold) with an average price target of $86.83 and several firms setting higher targets up to $103.

CECO Environmental Corp. (NASDAQ:CECO - Get Free Report)'s share price was up 9.6% during trading on Tuesday . The company traded as high as $84.63 and last traded at $85.6430. Approximately 98,821 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 557,461 shares. The stock had previously closed at $78.17.

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Mkm reiterated a "buy" rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Zacks Research upgraded CECO Environmental from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 30th. Lake Street Capital reiterated a "buy" rating and set a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th. Needham & Company LLC lifted their price objective on CECO Environmental from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Finally, Craig Hallum reiterated a "buy" rating and set a $103.00 price objective on shares of CECO Environmental in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, CECO Environmental has an average rating of "Buy" and an average price target of $86.83.

CECO Environmental Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The stock has a 50 day moving average price of $61.70 and a two-hundred day moving average price of $60.51. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 233.96 and a beta of 1.53.

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

Institutional Trading of CECO Environmental

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