Shares of CECO Environmental Corp. (NASDAQ:CECE) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Two investment 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 objective among analysts that have updated their coverage on the stock in the last year is $11.00.
Several analysts have recently weighed in on the company. Needham & Company LLC downgraded CECO Environmental Corp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded CECO Environmental Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. ValuEngine downgraded CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub downgraded CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Roth Capital reiterated a “neutral” rating on shares of CECO Environmental Corp. in a research report on Thursday, November 9th.
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Several hedge funds have recently added to or reduced their stakes in CECE. Trigran Investments Inc. raised its holdings in shares of CECO Environmental Corp. by 26.4% in the third quarter. Trigran Investments Inc. now owns 2,634,881 shares of the industrial products company’s stock valued at $22,291,000 after acquiring an additional 550,799 shares in the last quarter. American Century Companies Inc. raised its holdings in CECO Environmental Corp. by 446.1% in the third quarter. American Century Companies Inc. now owns 635,963 shares of the industrial products company’s stock worth $5,380,000 after purchasing an additional 519,504 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in CECO Environmental Corp. by 20.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,649,009 shares of the industrial products company’s stock worth $17,331,000 after purchasing an additional 279,323 shares in the last quarter. Vanguard Group Inc. raised its holdings in CECO Environmental Corp. by 13.9% in the first quarter. Vanguard Group Inc. now owns 1,203,960 shares of the industrial products company’s stock worth $12,654,000 after purchasing an additional 146,895 shares in the last quarter. Finally, Bowling Portfolio Management LLC bought a new position in CECO Environmental Corp. in the second quarter worth about $1,095,000. Hedge funds and other institutional investors own 69.42% of the company’s stock.
CECO Environmental Corp. (NASDAQ CECE) traded up $0.29 during midday trading on Monday, reaching $5.54. 157,031 shares of the company’s stock traded hands, compared to its average volume of 237,176. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.38. The stock has a market capitalization of $192.28, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. CECO Environmental Corp. has a 52 week low of $5.15 and a 52 week high of $14.88.
CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $85.00 million for the quarter, compared to analysts’ expectations of $92.66 million. CECO Environmental Corp. had a return on equity of 6.22% and a net margin of 3.57%. The firm’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. research analysts anticipate that CECO Environmental Corp. will post 0.39 EPS for the current fiscal year.
About CECO Environmental Corp.
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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