CECO Environmental Corp. (CECE) Receives $11.00 Consensus Target Price from Brokerages

Shares of CECO Environmental Corp. (NASDAQ:CECE) have received a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.00.

A number of research analysts have issued reports on the company. ValuEngine lowered CECO Environmental from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet lowered CECO Environmental from a “c-” rating to a “d+” rating in a research report on Monday, November 27th. Needham & Company LLC lowered CECO Environmental from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Roth Capital reiterated a “neutral” rating on shares of CECO Environmental in a research report on Thursday, November 9th. Finally, Zacks Investment Research lowered CECO Environmental from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new stake in shares of CECO Environmental in the 2nd quarter worth $101,000. Voya Investment Management LLC raised its stake in shares of CECO Environmental by 23.2% in the 2nd quarter. Voya Investment Management LLC now owns 15,660 shares of the industrial products company’s stock worth $144,000 after buying an additional 2,947 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of CECO Environmental in the 3rd quarter worth $205,000. Sei Investments Co. bought a new stake in shares of CECO Environmental in the 3rd quarter worth $210,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of CECO Environmental by 10.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,404 shares of the industrial products company’s stock worth $242,000 after buying an additional 2,471 shares in the last quarter. 67.49% of the stock is currently owned by institutional investors.

Shares of CECO Environmental (CECE) traded up $0.12 during mid-day trading on Tuesday, reaching $5.29. The company’s stock had a trading volume of 131,997 shares, compared to its average volume of 155,525. The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. CECO Environmental has a one year low of $4.68 and a one year high of $14.39. The firm has a market cap of $180.13, a price-to-earnings ratio of -4.20, a PEG ratio of 0.61 and a beta of 1.31.

CECO Environmental (NASDAQ:CECE) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). CECO Environmental had a positive return on equity of 11.91% and a negative net margin of 11.47%. The business had revenue of $85.00 million for the quarter, compared to analyst estimates of $92.66 million. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was down 16.3% compared to the same quarter last year. analysts predict that CECO Environmental will post 0.39 EPS for the current year.

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About CECO Environmental

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.

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