Shares of CECO Environmental Corp. (NASDAQ:CECE) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.00.
CECE has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 target price on shares of CECO Environmental in a research report on Friday, March 9th. ValuEngine lowered CECO Environmental from a “buy” rating to a “hold” rating in a research report on Saturday, March 10th. Finally, Zacks Investment Research raised CECO Environmental from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th.
Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new stake in CECO Environmental during the third quarter worth $205,000. Sei Investments Co. bought a new stake in CECO Environmental during the third quarter worth $210,000. Citadel Advisors LLC grew its holdings in CECO Environmental by 67.9% during the third quarter. Citadel Advisors LLC now owns 28,768 shares of the industrial products company’s stock worth $243,000 after buying an additional 11,633 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in CECO Environmental by 36.2% during the third quarter. Janney Montgomery Scott LLC now owns 54,986 shares of the industrial products company’s stock worth $465,000 after buying an additional 14,600 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in CECO Environmental during the fourth quarter worth $372,000. Institutional investors and hedge funds own 66.28% of the company’s stock.
Shares of NASDAQ:CECE traded up $0.09 during trading on Thursday, reaching $4.74. 69,003 shares of the stock were exchanged, compared to its average volume of 164,481. The company has a quick ratio of 1.42, a current ratio of 1.61 and a debt-to-equity ratio of 0.55. CECO Environmental has a 1-year low of $4.00 and a 1-year high of $12.03. The firm has a market capitalization of $162.22, a price-to-earnings ratio of 17.41, a PEG ratio of 0.80 and a beta of 0.91.
CECO Environmental (NASDAQ:CECE) last issued its earnings results on Thursday, March 8th. The industrial products company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). CECO Environmental had a positive return on equity of 4.81% and a negative net margin of 0.88%. The firm had revenue of $73.54 million for the quarter, compared to analyst estimates of $80.00 million. equities research analysts anticipate that CECO Environmental will post 0.39 earnings per share for the current fiscal year.
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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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