CECO Environmental Corp. (NASDAQ:CECE) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.00.
A number of brokerages have issued reports on CECE. Needham & Company LLC restated a “buy” rating and issued a $7.00 price objective on shares of CECO Environmental in a research note on Friday, March 9th. Zacks Investment Research downgraded CECO Environmental from a “hold” rating to a “strong sell” rating in a research note on Monday, March 12th. Finally, ValuEngine downgraded CECO Environmental from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th.
NASDAQ:CECE traded up $0.09 during trading on Thursday, reaching $4.74. The company’s stock had a trading volume of 69,003 shares, compared to its average volume of 164,481. The company has a market capitalization of $162.22, a PE ratio of 17.41, a price-to-earnings-growth ratio of 0.80 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.61 and a quick ratio of 1.42. CECO Environmental has a 12 month low of $4.00 and a 12 month high of $12.03.
CECO Environmental (NASDAQ:CECE) last announced its quarterly earnings data on Thursday, March 8th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). The business had revenue of $73.54 million during the quarter, compared to the consensus estimate of $80.00 million. CECO Environmental had a negative net margin of 0.88% and a positive return on equity of 4.81%. sell-side analysts anticipate that CECO Environmental will post 0.39 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of CECE. American Century Companies Inc. grew its stake in shares of CECO Environmental by 92.8% during the 4th quarter. American Century Companies Inc. now owns 1,225,947 shares of the industrial products company’s stock worth $6,289,000 after acquiring an additional 589,984 shares during the period. King Luther Capital Management Corp grew its stake in shares of CECO Environmental by 29.9% during the 4th quarter. King Luther Capital Management Corp now owns 2,304,669 shares of the industrial products company’s stock worth $11,823,000 after acquiring an additional 530,180 shares during the period. LSV Asset Management grew its stake in shares of CECO Environmental by 222.9% during the 4th quarter. LSV Asset Management now owns 635,315 shares of the industrial products company’s stock worth $3,259,000 after acquiring an additional 438,582 shares during the period. Heartland Advisors Inc. grew its stake in shares of CECO Environmental by 300.0% during the 4th quarter. Heartland Advisors Inc. now owns 400,000 shares of the industrial products company’s stock worth $2,052,000 after acquiring an additional 300,000 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of CECO Environmental during the 4th quarter worth $797,000. Institutional investors own 66.28% of the company’s stock.
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CECO Environmental Company Profile
CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.
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