NASDAQ:CECO

CECO Environmental (CECO) Stock Forecast, Price & News

$15.97

-0.20 (-1.24%)

(As of 09/29/2023 ET)

Compare

Today's Range: $15.81
▼
$16.36
50-Day Range: $11.59
▼
$16.53
52-Week Range: $8.41
▼
$16.73

Volume: 483,449 shs
Average Volume: 307,853 shs
Market Capitalization: $555.20 million

P/E Ratio: 37.60
Dividend Yield: N/A
Price Target: $19.50

CECO Environmental MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 22.1% Upside
$19.50 Price Target
Short Interest: Bearish
4.33% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.64
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$325,020 Bought Last Quarter
Proj. Earnings Growth: 40.54%
From $0.74 to $1.04 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Industrial Products Sector

81st out of 180 stocks

Blowers & Fans Industry

1st out of 4 stocks

2.5

Analyst's Opinion

Consensus Rating
CECO Environmental has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.50, CECO Environmental has a forecasted upside of 22.1% from its current price of $15.97.
Amount of Analyst Coverage
CECO Environmental has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.33% of the float of CECO Environmental has been sold short.
Short Interest Ratio / Days to Cover
CECO Environmental has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in CECO Environmental has recently increased by 13.39%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
CECO Environmental does not currently pay a dividend.
Dividend Growth
CECO Environmental does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CECO.

2.6

News and Social Media Coverage

News Sentiment
CECO Environmental has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for CECO Environmental this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for CECO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
4 people have added CECO Environmental to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CECO Environmental insiders have bought more of their company's stock than they have sold. Specifically, they have bought $325,020.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
15.80% of the stock of CECO Environmental is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
68.64% of the stock of CECO Environmental is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for CECO Environmental are expected to grow by 40.54% in the coming year, from $0.74 to $1.04 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CECO Environmental is 37.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 105.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of CECO Environmental is 37.14, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.13.
Price to Earnings Growth Ratio
CECO Environmental has a PEG Ratio of 1.45. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CECO Environmental has a P/B Ratio of 2.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CECO Environmental (NASDAQ:CECO) Stock

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. The company operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. 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 and water and wastewater treatment solutions, as well as consultation services. It offers engineered and configured products and solutions, including dampers and diverters, expansion joints, selective catalytic reduction systems, severe-service and industrial cyclones, dust collectors, thermal oxidizers, filtration systems, wet and dry scrubbers, separators and coalescers, water treatment packages, metallic and non-metallic pumps, industrial silencers, and fluid handling equipment, as well as plant engineering services and engineered design build fabrication. The company markets its products and services to natural gas processors, transmission and distribution companies, refineries, power generators, industrial manufacturing, engineering and construction companies, semiconductor manufacturers, compressor manufacturers, beverage can manufacturers, metals and minerals, and electric vehicle producer companies. CECO Environmental Corp. was founded in 1869 and is headquartered in Dallas, Texas.

CECO Price History

30 days | 90 days | 365 days | Advanced Chart

CECO Stock News Headlines

September 26, 2023 | finance.yahoo.com

CECO Environmental (NASDAQ:CECO) Is Experiencing Growth In Returns On Capital

September 13, 2023 | finance.yahoo.com

Why Ceco Environmental Stock Topped the Market Today

October 1, 2023 | Legacy Research (Ad)

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk

I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.

September 13, 2023 | finance.yahoo.com

CECO Environmental Raises Full Year 2023 Outlook, Announces Acquisition of Kemco Systems, a Leader in Industrial Water Recycling and Energy Conservation Solutions

September 12, 2023 | finance.yahoo.com

Richard Wallman Bought 7.4% More Shares In CECO Environmental

September 11, 2023 | finance.yahoo.com

Are Options Traders Betting on a Big Move in CECO Environmental (CECO) Stock?

September 5, 2023 | finance.yahoo.com

CECO ENVIRONMENTAL TO PRESENT AT THE LAKE STREET 7TH ANNUAL BEST IDEAS GROWTH CONFERENCE

August 28, 2023 | msn.com

CECO Environmental: Increases FY 2023 Guidance For The Third Time

October 1, 2023 | Legacy Research (Ad)

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk

August 14, 2023 | markets.businessinsider.com

Analysts Are Bullish on These Industrial Goods Stocks: Ceco Environmental (CECO), Alta Equipment Group (ALTG)

August 11, 2023 | seekingalpha.com

CECO Environmental Corp. 2023 Q2 - Results - Earnings Call Presentation

August 8, 2023 | finanznachrichten.de

CECO Environmental Corp.: Ceco Environmental Reports Second Quarter 2023 Results

August 8, 2023 | finance.yahoo.com

CECO ENVIRONMENTAL REPORTS SECOND QUARTER 2023 RESULTS

July 25, 2023 | finance.yahoo.com

CECO ENVIRONMENTAL TO RELEASE SECOND QUARTER 2023 EARNINGS AND HOST CONFERENCE CALL ON AUGUST 8, 2023

July 17, 2023 | theglobeandmail.com

Instrument Name Ceco Environmental Corp Instrument Symbol (CECO-Q)

July 14, 2023 | marketwatch.com

CECO Environmental Chief Operating Officer Nuggihalli Leaving >CECO

July 13, 2023 | markets.businessinsider.com

Analysts Conflicted on These Industrial Goods Names: Bluelinx Holdings (BXC), Ceco Environmental (CECO) and MillerKnoll, Inc. (MLKN)

June 29, 2023 | finance.yahoo.com

With 65% ownership of the shares, CECO Environmental Corp. (NASDAQ:CECO) is heavily dominated by institutional owners

May 25, 2023 | finance.yahoo.com

CECO ENVIRONMENTAL ANNOUNCES UPCOMING INVESTOR CONFERENCES

May 24, 2023 | msn.com

CECO Environmental Earnings Perspective: Return On Capital Employed

May 23, 2023 | finance.yahoo.com

CECO Environmental (NASDAQ:CECO) shareholders have earned a 33% CAGR over the last three years

May 9, 2023 | msn.com

CECO Environmental Q1 2023 Earnings Preview

May 9, 2023 | finance.yahoo.com

CECO Environmental (CECO) Q1 Earnings Meet Estimates

May 9, 2023 | msn.com

CECO Environmental Non-GAAP EPS of $0.10 in-line, revenue of $112.6M beats by $6.07M

May 5, 2023 | marketwatch.com

Fluidized Bed Concentrator (FBC) Market 2023, Growth, Consumer Demand, Technological Advancements And Industry Trends

May 4, 2023 | finance.yahoo.com

When Should You Buy CECO Environmental Corp. (NASDAQ:CECO)?

April 29, 2023 | marketwatch.com

Industrial Scrubber Market Growth By 2030

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CECO Company Calendar

Last Earnings: 8/08/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Blowers & fans
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NASDAQ:CECO
CUSIP: N/A
CIK: 3197
Web: www.cecoenviro.com
Phone: (214) 357-6181
Fax: 513-458-2647
Employees: 1,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $19.50
High Stock Price Forecast: $22.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +22.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 37.60
Forward P/E Ratio: 21.58
P/E Growth: 1.47
Net Income: $17.42 million
Net Margins: 3.42%
Pretax Margin: 4.42%
Return on Equity: 8.41%
Return on Assets: 3.43%

Debt

Debt-to-Equity Ratio: 0.60
Current Ratio: 1.55
Quick Ratio: 1.38

Sales & Book Value

Annual Sales: $422.63 million
Price / Sales: 1.31
Cash Flow: $1.06 per share
Price / Cash Flow: 15.02
Book Value: $6.37 per share
Price / Book: 2.51

Miscellaneous

Outstanding Shares: 34,760,000
Free Float: 29,272,000
Market Cap: $555.12 million
Optionable: Optionable
Beta: 1.28

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Key Executives

Mr. Todd R. Gleason (Age 52)
CEO & Director
Comp: $1.47M

Mr. Peter Kurt Johansson (Age 59)
Sr. VP, Chief Financial & Strategy Officer
Comp: $503.38k

Mr. Kiril Kovachev (Age 48)
VP, Chief Accounting Officer & Global Controller

Ms. Lynn Watkins-Asiyanbi
Sr. VP, Gen. Counsel & Corp. Sec.

Ms. Kimberly Plaskett
Corp. Communications Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CECO Stock - Frequently Asked Questions

Should I buy or sell CECO Environmental stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CECO Environmental in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CECO shares.
View CECO analyst ratings or view top-rated stocks.
What is CECO Environmental's stock price forecast for 2023?: 4 Wall Street research analysts have issued 1-year price targets for CECO Environmental's stock. Their CECO share price forecasts range from $18.00 to $22.00. On average, they anticipate the company's stock price to reach $19.50 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
View analysts price targets for CECO or view top-rated stocks among Wall Street analysts.
How have CECO shares performed in 2023?: CECO Environmental's stock was trading at $11.68 at the start of the year. Since then, CECO shares have increased by 36.7% and is now trading at $15.97.
View the best growth stocks for 2023 here.
Are investors shorting CECO Environmental?: CECO Environmental saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,270,000 shares, an increase of 13.4% from the August 31st total of 1,120,000 shares. Based on an average trading volume of 270,600 shares, the short-interest ratio is currently 4.7 days. Currently, 4.3% of the company's stock are sold short.
View CECO Environmental's Short Interest.
When is CECO Environmental's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CECO earnings forecast.
How were CECO Environmental's earnings last quarter?: CECO Environmental Corp. (NASDAQ:CECO) posted its earnings results on Tuesday, August, 8th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by $0.02. The firm earned $129.18 million during the quarter, compared to analysts' expectations of $116.68 million. CECO Environmental had a trailing twelve-month return on equity of 8.41% and a net margin of 3.42%.

What ETFs hold CECO Environmental's stock?: ETFs with the largest weight of CECO Environmental (NASDAQ:CECO) stock in their portfolio include VanEck Environmental Services ETF (EVX) and Profound Medical (PRN).AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).
What guidance has CECO Environmental issued on next quarter's earnings?: CECO Environmental updated its FY 2023 earnings guidance on Wednesday, September, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $525.00M-, compared to the consensus revenue estimate of $508.47 million.
What is CECO Environmental's stock symbol?: CECO Environmental trades on the NASDAQ under the ticker symbol "CECO."
How do I buy shares of CECO Environmental?: Shares of CECO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CECO Environmental's stock price today?: One share of CECO stock can currently be purchased for approximately $15.97.
How much money does CECO Environmental make?: CECO Environmental (NASDAQ:CECO) has a market capitalization of $555.12 million and generates $422.63 million in revenue each year.
How many employees does CECO Environmental have?: The company employs 1,000 workers across the globe.
How can I contact CECO Environmental?: CECO Environmental's mailing address is 14651 NORTH DALLAS PARKWAY SUITE 500, DALLAS TX, 75254. The official website for the company is www.cecoenviro.com. The company can be reached via phone at (214) 357-6181, via email at investor.relations@onececo.com, or via fax at 513-458-2647.

This page (NASDAQ:CECO) was last updated on 10/1/2023 by MarketBeat.com Staff

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