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 target for 2024?

4 brokerages have issued 1-year target prices for CECO Environmental's stock. Their CECO share price targets range from $18.00 to $22.00. On average, they anticipate the company's stock price to reach $19.50 in the next twelve months. This suggests that the stock has a possible downside of 2.4%. 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 71.0% and is now trading at $19.97. View the best growth stocks for 2023 here .

Are investors shorting CECO Environmental?

CECO Environmental saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 1,070,000 shares, a decrease of 6.1% from the October 31st total of 1,140,000 shares. Based on an average daily volume of 296,300 shares, the short-interest ratio is currently 3.6 days. Approximately 3.6% of the shares of the company 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 Monday, March 4th 2024. View our CECO earnings forecast .

How were CECO Environmental's earnings last quarter?

CECO Environmental Corp. (NASDAQ:CECO) announced its quarterly earnings results on Tuesday, November, 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The business had revenue of $149.39 million for the quarter, compared to analysts' expectations of $130.91 million. CECO Environmental had a net margin of 3.41% and a trailing twelve-month return on equity of 10.62%.

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) . 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.

Who are CECO Environmental's major shareholders?

CECO Environmental's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include RK Capital Management LLC (2.54%), Wellington Management Group LLP (1.81%), Tieton Capital Management LLC (1.47%), First Eagle Investment Management LLC (1.27%), Loomis Sayles & Co. L P (1.24%) and Manatuck Hill Partners LLC (1.17%). Insiders that own company stock include David B Liner, Paul M Gohr, Ramesh Nuggihalli and Richard F Wallman. View institutional ownership trends .

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 .

CECO Environmental Stock Price, News & Analysis (NASDAQ:CECO)

$19.97

+0.33 (+1.68%)

(As of 12/4/2023 ET)

Compare

Today's Range: $19.46
▼
$20.00
50-Day Range: $15.47
▼
$20.18
52-Week Range: $10.68
▼
$20.75

Volume: 160,726 shs
Average Volume: 335,455 shs
Market Capitalization: $695.16 million

P/E Ratio: 39.94
Dividend Yield: N/A
Price Target: $19.50

CECO Environmental MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 2.4% Downside
$19.50 Price Target
Short Interest: Healthy
3.62% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.50
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$325,020 Bought Last Quarter
Proj. Earnings Growth: 50.70%
From $0.71 to $1.07 Per Share

Overall MarketRank^™

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

2.48 out of 5 stars

Industrial Products Sector

33rd out of 168 stocks

Blowers & Fans Industry

2nd out of 4 stocks

1.5

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 downside of 2.4% from its current price of $19.97.
Amount of Analyst Coverage
CECO Environmental has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.62% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CECO Environmental has recently decreased by 6.14%, indicating that investor sentiment is improving 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.

3.6

News and Social Media Coverage

News Sentiment
CECO Environmental has a news sentiment score of 1.50. 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 is a higher news sentiment than the 0.49 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for CECO Environmental this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for CECO on MarketBeat in the last 30 days.
MarketBeat Follows
8 people have added CECO Environmental to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 50.70% in the coming year, from $0.71 to $1.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CECO Environmental is 39.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of CECO Environmental is 39.94, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.56.
Price to Earnings Growth Ratio
CECO Environmental has a PEG Ratio of 1.84. 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 3.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CECO Environmental Stock (NASDAQ:CECO)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CECO Stock News Headlines

November 28, 2023 | finance.yahoo.com

Is CECO Environmental Corp. (NASDAQ:CECO) Trading At A 37% Discount?

November 22, 2023 | morningstar.com

CECO Environmental Corp WCE

December 4, 2023 | DTI Trader (Ad)

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November 22, 2023 | markets.businessinsider.com

Analysts Are Bullish on Top Industrial Goods Stocks: Evolv Technologies Holdings (EVLV), Ceco Environmental (CECO)

November 13, 2023 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And CECO Environmental (NASDAQ:CECO) Passed With Ease

November 7, 2023 | marketwatch.com

Ceco Environmental Shares Hit 52-Week High After 3Q Sales, Adj EPS Top Views

November 7, 2023 | finance.yahoo.com

CECO Environmental (CECO) Tops Q3 Earnings and Revenue Estimates

November 7, 2023 | finance.yahoo.com

CECO Environmental Corp (CECO) Reports Record Revenue and Raises Full-Year 2023 Outlook

December 4, 2023 | DTI Trader (Ad)

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November 2, 2023 | finance.yahoo.com

CECO ENVIRONMENTAL ANNOUNCES INVESTOR CONFERENCE SCHEDULE FOR NOVEMBER 2023

October 30, 2023 | finance.yahoo.com

Those who invested in CECO Environmental (NASDAQ:CECO) three years ago are up 118%

October 23, 2023 | finance.yahoo.com

CECO ENVIRONMENTAL TO RELEASE THIRD QUARTER 2023 EARNINGS AND HOST CONFERENCE CALL ON NOVEMBER 7, 2023

October 19, 2023 | msn.com

CECO Environmental: A Solid Growth Story

October 19, 2023 | finance.yahoo.com

7 Small-Cap Stocks That Get the Nod from Wall Street

October 11, 2023 | finance.yahoo.com

What Does CECO Environmental Corp.'s (NASDAQ:CECO) Share Price Indicate?

October 3, 2023 | finance.yahoo.com

Todd Gleason Joins NSF’s Board of Directors

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

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

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

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/04/2024

Get Stock Alerts

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 Target: $19.50
High Stock Price Target: $22.00
Low Stock Price Target: $18.00
Potential Upside/Downside: -2.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.50
Trailing P/E Ratio: 39.94
Forward P/E Ratio: 28.13
P/E Growth: 1.84
Net Income: $17.42 million
Net Margins: 3.41%
Pretax Margin: 4.42%
Return on Equity: 10.62%
Return on Assets: 4.23%

Debt

Debt-to-Equity Ratio: 0.59
Current Ratio: 1.40
Quick Ratio: 1.22

Sales & Book Value

Annual Sales: $422.63 million
Price / Sales: 1.64
Cash Flow: $1.09 per share
Price / Cash Flow: 18.24
Book Value: $6.37 per share
Price / Book: 3.14

Miscellaneous

Outstanding Shares: 34,810,000
Free Float: 29,313,000
Market Cap: $695.16 million
Optionable: Optionable
Beta: 1.24

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Key Executives

Mr. Todd R. Gleason (Age 52)
CEO & Director
Comp: $1.47M
Mr. Peter Kurt Johansson (Age 59)
Senior VP, Chief Financial & Strategy Officer
Comp: $503.38k
Mr. Kiril Kovachev (Age 48)
VP, Chief Accounting Officer & Global Controller
Ms. Lynn Watkins-Asiyanbi
Senior VP, General Counsel & Corporate Secretary
Ms. Kimberly Plaskett
Corporate Communications Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CECO Stock Analysis - 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 target for 2024?: 4 brokerages have issued 1-year target prices for CECO Environmental's stock. Their CECO share price targets range from $18.00 to $22.00. On average, they anticipate the company's stock price to reach $19.50 in the next twelve months. This suggests that the stock has a possible downside of 2.4%.
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 71.0% and is now trading at $19.97.
View the best growth stocks for 2023 here.
Are investors shorting CECO Environmental?: CECO Environmental saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 1,070,000 shares, a decrease of 6.1% from the October 31st total of 1,140,000 shares. Based on an average daily volume of 296,300 shares, the short-interest ratio is currently 3.6 days. Approximately 3.6% of the shares of the company 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 Monday, March 4th 2024.
View our CECO earnings forecast.
How were CECO Environmental's earnings last quarter?: CECO Environmental Corp. (NASDAQ:CECO) announced its quarterly earnings results on Tuesday, November, 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The business had revenue of $149.39 million for the quarter, compared to analysts' expectations of $130.91 million. CECO Environmental had a net margin of 3.41% and a trailing twelve-month return on equity of 10.62%.

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).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.
Who are CECO Environmental's major shareholders?: CECO Environmental's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include RK Capital Management LLC (2.54%), Wellington Management Group LLP (1.81%), Tieton Capital Management LLC (1.47%), First Eagle Investment Management LLC (1.27%), Loomis Sayles & Co. L P (1.24%) and Manatuck Hill Partners LLC (1.17%). Insiders that own company stock include David B Liner, Paul M Gohr, Ramesh Nuggihalli and Richard F Wallman.
View institutional ownership trends.
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.

This page (NASDAQ:CECO) was last updated on 12/4/2023 by MarketBeat.com Staff

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