A number of other research firms have also weighed in on CECE. Zacks Investment Research lowered shares of Hess Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, May 14th. Maxim Group set a $7.00 target price on shares of Eagle Bulk Shipping and gave the company a buy rating in a report on Wednesday, May 8th. Finally, Roth Capital reiterated a buy rating on shares of Gold Resource in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $9.92.
CECE opened at $8.87 on Thursday. The firm has a market capitalization of $310.91 million, a price-to-earnings ratio of 30.59, a PEG ratio of 1.12 and a beta of 0.92. CECO Environmental has a twelve month low of $6.44 and a twelve month high of $9.84. The stock’s 50-day simple moving average is $9.19. The company has a quick ratio of 1.40, a current ratio of 1.59 and a debt-to-equity ratio of 0.48.
CECO Environmental (NASDAQ:CECE) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $86.01 million for the quarter, compared to analyst estimates of $86.42 million. CECO Environmental had a negative net margin of 3.16% and a positive return on equity of 6.82%. Equities analysts anticipate that CECO Environmental will post 0.53 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its stake in shares of CECO Environmental by 508.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,337 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 5,295 shares during the period. Macquarie Group Ltd. raised its stake in shares of CECO Environmental by 117.6% in the 4th quarter. Macquarie Group Ltd. now owns 7,304 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 3,948 shares during the period. Metropolitan Life Insurance Co. NY purchased a new stake in shares of CECO Environmental in the 4th quarter valued at approximately $73,000. SG Americas Securities LLC purchased a new stake in shares of CECO Environmental in the 1st quarter valued at approximately $73,000. Finally, Prudential Financial Inc. purchased a new stake in shares of CECO Environmental in the 4th quarter valued at approximately $75,000. Institutional investors own 66.94% of the company’s stock.
About CECO Environmental
CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.
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