CECO Environmental (NASDAQ:CECO) Price Target Raised to $34.00

CECO Environmental (NASDAQ:CECO) had its target price lifted by Craig Hallum from $28.00 to $34.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

CECO has been the subject of a number of other reports. HC Wainwright boosted their price objective on shares of CECO Environmental from $30.00 to $35.00 and gave the stock a buy rating in a research note on Wednesday. Needham & Company LLC upped their target price on shares of CECO Environmental from $34.00 to $35.00 and gave the company a buy rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, CECO Environmental has an average rating of Buy and an average price target of $34.80.

CECO Environmental Price Performance

NASDAQ CECO opened at $27.64 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $966.29 million, a PE ratio of 78.97, a price-to-earnings-growth ratio of 2.09 and a beta of 1.37. The company has a 50 day moving average price of $26.91 and a two-hundred day moving average price of $23.80. CECO Environmental has a 12-month low of $11.46 and a 12-month high of $31.55.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, July 30th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $137.50 million during the quarter, compared to analysts’ expectations of $143.33 million. CECO Environmental had a net margin of 2.33% and a return on equity of 12.35%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. As a group, equities analysts predict that CECO Environmental will post 0.93 earnings per share for the current fiscal year.

Insider Transactions at CECO Environmental

In other news, Director Richard F. Wallman bought 4,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $24.50 per share, with a total value of $98,000.00. Following the acquisition, the director now owns 205,319 shares in the company, valued at $5,030,315.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.90% of the stock is owned by insiders.

Institutional Investors Weigh In On CECO Environmental

Several large investors have recently made changes to their positions in CECO. AJOVista LLC acquired a new position in CECO Environmental during the 4th quarter worth about $57,000. CWM LLC lifted its position in CECO Environmental by 45.3% during the 2nd quarter. CWM LLC now owns 2,270 shares of the company’s stock worth $65,000 after buying an additional 708 shares in the last quarter. EntryPoint Capital LLC acquired a new position in CECO Environmental during the 1st quarter worth about $72,000. Tower Research Capital LLC TRC lifted its position in CECO Environmental by 89.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $94,000 after buying an additional 2,195 shares in the last quarter. Finally, Kessler Investment Group LLC acquired a new position in CECO Environmental during the 4th quarter worth about $125,000. Institutional investors own 68.08% of the company’s stock.

About CECO Environmental

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.