CECO Environmental Corp. (NASDAQ:CECO) Receives $64.75 Consensus Price Target from Brokerages

CECO Environmental Corp. (NASDAQ:CECO) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $64.75.

A number of equities analysts have recently issued reports on the company. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Northland Securities raised their target price on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, December 24th. Needham & Company LLC upped their price target on shares of CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $78.41 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 55.61 and a beta of 1.38. The firm’s fifty day moving average price is $66.07 and its 200 day moving average price is $55.38. CECO Environmental has a 1-year low of $17.57 and a 1-year high of $81.72.

Hedge Funds Weigh In On CECO Environmental

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in CECO Environmental by 16,844.6% in the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after acquiring an additional 1,250,373 shares during the last quarter. Capital World Investors purchased a new stake in shares of CECO Environmental in the fourth quarter valued at about $19,936,000. Two Sigma Investments LP grew its position in shares of CECO Environmental by 3,620.8% in the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock valued at $15,498,000 after purchasing an additional 294,556 shares during the last quarter. IES Holdings Inc. acquired a new position in shares of CECO Environmental during the 4th quarter worth approximately $16,963,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in CECO Environmental in the 2nd quarter valued at approximately $7,394,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Company Profile

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.