The stock of CECO Environmental Corp. (NASDAQ:CECE) hit a new 52-week high and has $14.24 target or 7.00% above today’s $13.31 share price. The 8 months bullish chart indicates low risk for the $457.09M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $14.24 price target is reached, the company will be worth $32.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 62,294 shares traded hands. CECO Environmental Corp. (NASDAQ:CECE) has risen 104.92% since April 25, 2016 and is uptrending. It has outperformed by 98.91% the S&P500.
Analysts await CECO Environmental Corp. (NASDAQ:CECE) to report earnings on March, 9. They expect $0.19 EPS, up 5.56% or $0.01 from last year’s $0.18 per share. CECE’s profit will be $6.52 million for 17.51 P/E if the $0.19 EPS becomes a reality. After $0.24 actual EPS reported by CECO Environmental Corp. for the previous quarter, Wall Street now forecasts -20.83% negative EPS growth.
CECO Environmental Corp. (NASDAQ:CECE) Ratings Coverage
Out of 5 analysts covering CECO Environ. (NASDAQ:CECE), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. CECO Environ. has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of CECO Environmental Corp. (NASDAQ:CECE) has “Hold” rating given on Wednesday, August 12 by Zacks. The rating was upgraded by Seaport Global on Thursday, January 21 to “Buy”. On Thursday, November 17 the stock rating was downgraded by Seaport Global to “Neutral”. The company was downgraded on Friday, March 11 by Drexel Hamilton. The stock of CECO Environmental Corp. (NASDAQ:CECE) earned “Buy” rating by Drexel Hamilton on Friday, August 7. The firm has “Hold” rating by Drexel Hamilton given on Friday, August 7. The rating was maintained by Roth Capital with “Buy” 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 increased to 2.29 in Q2 2016. Its up 1.21, from 1.08 in 2016Q1. The ratio is positive, 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.
Credit Suisse Ag accumulated 39,559 shares or 0% of the stock. Alphaone Invest Svcs Ltd Liability holds 139,600 shares or 0.45% of its portfolio. Blackrock Institutional Com Na has 0% invested in the company for 737,377 shares. Wall Street Access Asset Ltd Llc holds 0.92% or 172,699 shares in its portfolio. Vanguard Group accumulated 0% or 982,180 shares. Rutabaga Cap Management Lc Ma has invested 0.82% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). Teton Advisors Inc holds 0.01% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE) for 15,718 shares. Moreover, Tiaa Cref Ltd Liability Corp has 0% invested in CECO Environmental Corp. (NASDAQ:CECE) for 172,218 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Legal & General Grp Public Ltd Co holds 0% or 3,966 shares in its portfolio. Keeley Asset Mngmt holds 0.12% or 327,670 shares in its portfolio. The Massachusetts-based State Street has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Blue Bell Private Wealth Mngmt Limited Liability Company accumulated 0.01% or 2,018 shares. Janney Montgomery Scott Ltd last reported 0.01% of its portfolio in the stock. Manchester Mngmt Ltd Liability Co has 66,733 shares for 0.08% of their US portfolio.
Insider Transactions: Since November 18, 2016, the stock had 0 insider purchases, and 1 insider sale for $127,800 net activity. Cook Benton Lowell sold $127,800 worth of stock or 10,000 shares.
More important recent CECO Environmental Corp. (NASDAQ:CECE) news were published by: Marketwatch.com which released: “Ceco Environmental downgraded to neutral from buy at Seaport Global” on March 26, 2011, also Prnewswire.com published article titled: “CECO Environmental Corp. Reports Third Quarter and Nine Months 2016 Results …”, Prnewswire.com published: “CECO Environmental 2016 Third Quarter Conference Call” on November 01, 2016. More interesting news about CECO Environmental Corp. (NASDAQ:CECE) was released by: Quotes.Wsj.com and their article: “News Ceco Environmental Corp.CECE” with publication date: February 12, 2011.
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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