From what 2 stock analysts predict, the share price for CECO Environmental Corp (CECE) might decrease by 100% in the next year. This is based on a 12-month average estimation for CECE. Price targets go from $ to $. The majority of stock analysts believe CECE is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 2 Wall Street analysts have assigned CECE 1 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect CECO Environmental Corp to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CECE. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CECE.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Needham | Buy | Maintains | Nov 8, 2022 | |
Aaron Spychalla Craig-Hallum | Buy | $17 | Initiates | Oct 24, 2022 |
James Ricchiuti Needham | Buy | $11 | Maintains | Aug 9, 2022 |
James Ricchiuti Needham | Buy | $9 | Maintains | Nov 9, 2021 |
Amit Dayal HC Wainwright & Co. | Buy | $15 | Maintains | Mar 4, 2021 |
Needham | Buy | $9 | Maintains | Nov 5, 2020 |
James Ricchiuti Needham | Buy | $10 | Maintains | Jun 5, 2020 |
James Ricchiuti Needham | Buy | $9 | Maintains | Apr 13, 2020 |
Roth Capital | Buy | $10 | Upgrade | Jun 11, 2019 |
B. Riley Securities | Buy | Initiates | Feb 12, 2019 | |
B. Riley FBR | Buy | Initiates | Feb 12, 2019 | |
HC Wainwright & Co. | Buy | Initiates | Dec 18, 2018 | |
H.C. Wainwright | Buy | Initiates | Dec 18, 2018 | |
Maxim Group | Buy | Initiates | Dec 14, 2018 | |
Needham | Buy | Downgrade | Nov 9, 2017 | |
William Blair | Market Perform | Downgrade | Aug 11, 2017 | |
Needham | Strong Buy | Upgrade | Jul 6, 2017 | |
Seaport Global | Neutral | Downgrade | Nov 17, 2016 | |
Drexel Hamilton | Downgrade | Mar 11, 2016 | ||
Roth Capital | Buy | $12 | Maintains | Mar 11, 2016 |
When did it IPO
1993
Staff Count
0
Country
United States
Sector/Industry
/
CEO
Market Cap
$945.3M
In 2023, CECE generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that CECE's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - U.S. stocks closed lower on Tuesday, but several significant insider trades were reported.
Why It Matters - Notable insider trades may indicate confidence or concerns among company executives, potentially influencing stock performance and investor sentiment in the affected companies.
Summary - CEC O Environmental Corp. (Nasdaq: CECO) will present at the Baird Global Industrial Conference on Nov. 9 and the Southwest IDEAS Conference on Nov. 15, 2023.
Why It Matters - CEC O Environmental Corp.'s upcoming investor conferences signal active engagement with the investment community, potentially influencing stock performance and investor sentiment.
Summary - The environmental engineering specialist has acquired Kemco Systems, enhancing its business operations through this strategic asset purchase.
Why It Matters - The acquisition of Kemco Systems enhances market position and capabilities, potentially leading to increased revenue and growth, which can positively influence stock performance and investor returns.
Summary - CECO Environmental Corp. reported record Q2 2023 orders, revenue, gross profit, and backlog, raising its FY 2023 forecast again. However, investors should note increased leverage and lower YoY cash flow.
Why It Matters - CECO's record Q2 results and raised FY 2023 forecast indicate strong growth potential, but increased leverage and declining cash flow may signal underlying risks.
Summary - Ceco exceeded revenue expectations for the quarter and increased full-year revenue guidance, finishing with a record backlog.
Why It Matters - Ceco's stronger-than-expected earnings and raised revenue guidance signal robust demand, while a record backlog suggests sustained future growth, boosting investor confidence.
Summary - CECO Environmental has made two acquisitions and reported strong Q1 results, raising its 2023 guidance to over $485M in revenue and $50M in EBITDA, with buy ratings and a record backlog.
Why It Matters - CECO Environmental's growth, strong Q1 results, raised guidance, and positive ratings indicate robust performance potential, attracting investor interest amid macroeconomic concerns.