CECO Environmental (NASDAQ:CECO) Sees Large Volume Increase After Analyst Upgrade

CECO Environmental Corp. (NASDAQ:CECO) shares saw an uptick in trading volume on Wednesday after Roth Mkm raised their price target on the stock from $58.00 to $68.00. Roth Mkm currently has a buy rating on the stock. 405,580 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 348,809 shares.The stock last traded at $59.69 and had previously closed at $60.00.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. HC Wainwright raised their price objective on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. Northland Securities lifted their target price on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of CECO Environmental in a report on Wednesday. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.40.

Key CECO Environmental News

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: HC Wainwright raised its price target sharply to $90 (from $55) and maintained a “buy” rating — a large upward revision that signals renewed analyst confidence and implies significant upside for CECO. HC Wainwright price target raise
• Positive Sentiment: Needham & Company also lifted its price target to $80 (from $75) and kept a “buy” rating, adding to the bullish analyst sentiment that is supporting the stock. Needham price target raise
• Positive Sentiment: CECO announced a strategic combination to acquire Thermon Group in a ~$2.2 billion cash-and-stock deal, creating a larger industrial platform with complementary thermal/heat‑tracing capabilities; management says the combined company will pursue sustained double‑digit growth. This transaction is the main catalyst behind upgrades and higher revenue targets. CECO Announces Strategic Combination with Thermon Group
• Neutral Sentiment: CECO raised 2026 revenue guidance to $925M–$975M (non‑inclusive of Thermon), well above consensus — this improves top‑line visibility but the guidance excludes the Thermon contribution, so investors will watch deal close/timing closely. CECO revenue target article
• Neutral Sentiment: Operationally CECO reported records (full‑year orders > $1B, Q4 gross margin ~35%) and revenue above estimates, which supports the growth narrative even as earnings details are mixed. CECO Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Thermon shares surged on the announcement (market reaction to the deal has been strong for Thermon), a positive signal for deal rationale though not a direct guarantee of CECO upside. Thermon shares jump
• Negative Sentiment: Q4 earnings missed EPS consensus — the company reported materially lower EPS vs. Street estimates (company filings and coverage show an EPS shortfall while revenue beat), which injects near‑term earnings uncertainty and partly explains mixed analyst reactions. Q4 earnings miss article
• Negative Sentiment: Shareholder litigation risk has emerged: at least two law firms announced investigations into the CECO‑Thermon merger, which could introduce legal/distraction risk and potential deal complications. Investors should monitor developments. Class action investigation article

Hedge Funds Weigh In On CECO Environmental

Several large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental in the third quarter valued at $25,000. Aventura Private Wealth LLC acquired a new stake in shares of CECO Environmental in the fourth quarter valued at about $30,000. Advisory Services Network LLC bought a new position in shares of CECO Environmental during the third quarter worth about $31,000. Global Retirement Partners LLC acquired a new position in shares of CECO Environmental in the third quarter worth approximately $50,000. Finally, First Horizon Corp bought a new stake in CECO Environmental in the third quarter valued at approximately $64,000. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

The firm has a market capitalization of $2.15 billion, a P/E ratio of 42.62 and a beta of 1.38. The company has a fifty day moving average of $67.08 and a 200 day moving average of $56.27. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The firm had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. During the same period in the prior year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. Sell-side analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

About CECO Environmental

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.