HC Wainwright Raises CECO Environmental (NASDAQ:CECO) Price Target to $55.00

Key Points

• HC Wainwright has increased its price target for CECO Environmental (NASDAQ:CECO) from $33.00 to $55.00, indicating a potential upside of 36.31% from the previous close.
• CECO Environmental reported a revenue increase of 39.9% year-over-year, with quarterly earnings of $0.10 EPS, meeting consensus estimates.
• Institutional investors now hold 68.08% of CECO Environmental's stock, with significant increases in holdings from multiple hedge funds during the last quarter.

CECO Environmental (NASDAQ:CECO - Get Free Report) had its price objective boosted by equities research analysts at HC Wainwright from $33.00 to $55.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price target points to a potential upside of 24.45% from the company's current price. HC Wainwright also issued estimates for CECO Environmental's Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $1.28 EPS and FY2026 earnings at $2.12 EPS.

Separately, Needham & Company LLC boosted their target price on CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $49.20.

CECO Environmental Price Performance

CECO traded down $0.75 during midday trading on Wednesday, hitting $44.20. The stock had a trading volume of 73,756 shares, compared to its average volume of 293,431. The company has a market cap of $1.56 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 3.04 and a beta of 1.33. CECO Environmental has a 1 year low of $17.57 and a 1 year high of $44.97. The business has a fifty day moving average of $30.26 and a 200 day moving average of $26.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.52 and a current ratio of 1.34.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.24 EPS for the quarter, topping 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 company had revenue of $185.39 million for the quarter, compared to analysts' expectations of $178.66 million. As a group, equities analysts forecast that CECO Environmental will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CECO Environmental

A number of hedge funds have recently modified their holdings of CECO. Envestnet Asset Management Inc. bought a new stake in shares of CECO Environmental in the second quarter worth about $306,000. William Blair Investment Management LLC raised its holdings in shares of CECO Environmental by 4.9% during the second quarter. William Blair Investment Management LLC now owns 945,897 shares of the company's stock valued at $26,778,000 after acquiring an additional 44,310 shares in the last quarter. Robertson Stephens Wealth Management LLC bought a new stake in CECO Environmental in the second quarter valued at $352,000. North Star Investment Management Corp. raised its holdings in CECO Environmental by 2.6% in the 2nd quarter. North Star Investment Management Corp. now owns 45,150 shares of the company's stock worth $1,278,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of CECO Environmental by 224.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company's stock worth $41,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other 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.