Maxim Group reaffirmed their buy rating on shares of CECO Environmental (NASDAQ:CECE) in a research note issued to investors on Thursday, AnalystRatings.com reports. The firm currently has a $10.00 target price on the industrial products company’s stock.
CECE has been the subject of several other reports. Needham & Company LLC reissued a buy rating and set a $10.00 target price on shares of CECO Environmental in a research note on Wednesday. BidaskClub lowered shares of CECO Environmental from a sell rating to a strong sell rating in a research note on Friday, August 9th. ValuEngine raised shares of CECO Environmental from a hold rating to a buy rating in a research note on Wednesday. HC Wainwright reissued a buy rating and set a $9.00 target price on shares of CECO Environmental in a research note on Thursday. Finally, Zacks Investment Research lowered shares of CECO Environmental from a hold rating to a sell rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. CECO Environmental has an average rating of Buy and a consensus target price of $10.00.
NASDAQ CECE traded up $0.17 on Thursday, hitting $7.99. The stock had a trading volume of 134,000 shares, compared to its average volume of 111,585. CECO Environmental has a one year low of $6.44 and a one year high of $9.84. The stock has a market cap of $251.36 million, a price-to-earnings ratio of 27.55, a P/E/G ratio of 0.98 and a beta of 0.93. The company’s 50-day moving average is $7.00 and its two-hundred day moving average is $8.09. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.46.
CECO Environmental (NASDAQ:CECE) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). CECO Environmental had a negative net margin of 1.32% and a positive return on equity of 7.57%. The business had revenue of $85.27 million for the quarter, compared to analyst estimates of $89.53 million. On average, sell-side analysts anticipate that CECO Environmental will post 0.48 earnings per share for the current year.
Several large investors have recently modified their holdings of CECE. Bank of Montreal Can lifted its position in shares of CECO Environmental by 102.9% in the 2nd quarter. Bank of Montreal Can now owns 5,153 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 2,613 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $91,000. Mackenzie Financial Corp purchased a new stake in shares of CECO Environmental in the 2nd quarter valued at approximately $115,000. Susquehanna International Group LLP lifted its position in shares of CECO Environmental by 3,401.8% in the 2nd quarter. Susquehanna International Group LLP now owns 13,207 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 13,607 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of CECO Environmental in the 2nd quarter valued at approximately $170,000. Institutional investors and hedge funds own 69.50% 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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