Today’s Market Runner: After Today’s Big Increase, Is CECO Environmental Corp.’s Near-Term Analysis Positive?

Today's Market Runner: After Today's Big Increase, Is CECO Environmental Corp.'s Near Term Analysis Positive?

The stock of CECO Environmental Corp. (NASDAQ:CECE) is a huge mover today! The stock increased 3.58% or $0.39 during the last trading session, hitting $11.28. About 159,349 shares traded hands. CECO Environmental Corp. (NASDAQ:CECE) has risen 73.13% since February 26, 2016 and is uptrending. It has outperformed by 62.71% the S&P500.
The move comes after 6 months positive chart setup for the $379.63 million company. It was reported on Oct, 1 by Barchart.com. We have $28.54 PT which if reached, will make NASDAQ:CECE worth $580.83M more.

Analysts await CECO Environmental Corp. (NASDAQ:CECE) to report earnings on November, 3. They expect $0.20 earnings per share, down 25.93% or $0.07 from last year’s $0.27 per share. CECE’s profit will be $6.73M for 14.10 P/E if the $0.20 EPS becomes a reality. After $0.21 actual earnings per share reported by CECO Environmental Corp. for the previous quarter, Wall Street now forecasts -4.76% negative EPS growth.

CECO Environmental Corp. (NASDAQ:CECE) Ratings Coverage

Out of 5 analysts covering CECO Environ. (NASDAQ:CECE), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. CECO Environ. has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Drexel Hamilton given on Friday, August 7. Roth Capital maintained the shares of CECE in a report on Friday, March 11 with “Buy” rating. Zacks upgraded CECO Environmental Corp. (NASDAQ:CECE) on Wednesday, August 12 to “Hold” rating. The stock of CECO Environmental Corp. (NASDAQ:CECE) earned “Buy” rating by Drexel Hamilton on Friday, August 7. On Thursday, January 21 the stock rating was upgraded by Seaport Global to “Buy”. The stock has “Buy” rating given by Drexel Hamilton on Friday, March 11.

According to Zacks Investment Research, “CECO ENVIRONMENTAL CORP. manufactures and sells, primarily in the United States, of fiber bed mist eliminators to the chemical, printing, plating, power generation, food processing, waste incineration and textile industries.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.76, from 1.84 in 2016Q1. The ratio fall, as 14 funds sold all CECO Environmental Corp. shares owned while 26 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 16.83 million shares or 0.72% less from 16.95 million shares in 2016Q1.
Tower Cap Ltd Co (Trc) holds 2,251 shares or 0% of its portfolio. Moreover, Schwab Charles Invest Mgmt has 0% invested in CECO Environmental Corp. (NASDAQ:CECE) for 50,352 shares. The Pennsylvania-based Janney Montgomery Scott has invested 0.01% in CECO Environmental Corp. (NASDAQ:CECE). Private Advisor Grp Inc Llc accumulated 0.01% or 41,022 shares. Teton Incorporated accumulated 15,718 shares or 0.01% of the stock. Architects holds 1,468 shares or 0% of its portfolio. Goldman Sachs Gru Inc holds 18,551 shares or 0% of its portfolio. Raymond James Associates accumulated 17,062 shares or 0% of the stock. Moreover, California State Teachers Retirement Systems has 0% invested in CECO Environmental Corp. (NASDAQ:CECE) for 61,400 shares. Metropolitan Life Insurance Ny has invested 0% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). Nationwide Fund Advisors accumulated 23,520 shares or 0% of the stock. Legal General Gp Public Limited Liability Corp accumulated 0% or 3,966 shares. Wells Fargo Mn holds 325,718 shares or 0% of its portfolio. Rbf Lc, a California-based fund reported 47,293 shares. State Street owns 340,619 shares or 0% of their US portfolio.

Insider Transactions: Since May 17, 2016, the stock had 1 buy, and 0 sales for $5,313 net activity. The insider RUDIN SETH bought $5,313.

More recent CECO Environmental Corp. (NASDAQ:CECE) news were published by: Prnewswire.com which released: “CECO Environmental Announces Second Quarter 2016 Conference Call” on April 25, 2016. Also Quotes.Wsj.com published the news titled: “News Ceco Environmental Corp.CECE” on February 12, 2011. Bizjournals.com‘s news article titled: “Cincinnati public company plans $150M acquisition” with publication date: May 04, 2015 was also an interesting one.

CECE Company Profile

CECO Environmental Corp., incorporated on January 10, 2002, is a well-known provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial divisions. The Firm 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. It provides a spectrum of services and products, including dampers and diverters, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, fluid handling equipment, and plant engineering services and engineered design build fabrication. The Firm operates through three divisions: Environmental Segment, Energy Segment, and Fluid Handling and Filtration Segment.

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