CECO Environmental Corp. (NASDAQ:CECE) has received an average recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.92.

CECE has been the subject of several research reports. Zacks Investment Research downgraded Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday. Maxim Group set a $7.00 price objective on shares of Eagle Bulk Shipping and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Roth Capital reiterated a “buy” rating on shares of Gold Resource in a report on Tuesday, June 11th.

A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in CECO Environmental by 0.6% in the 4th quarter. Northern Trust Corp now owns 347,637 shares of the industrial products company’s stock worth $2,346,000 after acquiring an additional 2,048 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of CECO Environmental by 1.8% in the 4th quarter. California Public Employees Retirement System now owns 221,371 shares of the industrial products company’s stock valued at $1,494,000 after acquiring an additional 3,893 shares in the last quarter. Macquarie Group Ltd. grew its holdings in CECO Environmental by 117.6% in the 4th quarter. Macquarie Group Ltd. now owns 7,304 shares of the industrial products company’s stock valued at $49,000 after buying an additional 3,948 shares during the last quarter. Signet Investment Advisory Group Inc. grew its holdings in CECO Environmental by 22.9% in the 1st quarter. Signet Investment Advisory Group Inc. now owns 21,500 shares of the industrial products company’s stock valued at $154,000 after buying an additional 4,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in CECO Environmental by 508.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,337 shares of the industrial products company’s stock valued at $46,000 after buying an additional 5,295 shares during the last quarter. 66.94% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CECE traded down $0.06 during midday trading on Monday, hitting $8.87. The company’s stock had a trading volume of 53,939 shares, compared to its average volume of 171,717. The company’s fifty day moving average price is $9.19. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.40. CECO Environmental has a 1 year low of $6.44 and a 1 year high of $9.84. The stock has a market capitalization of $310.89 million, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92.

CECO Environmental (NASDAQ:CECE) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. CECO Environmental had a negative net margin of 3.16% and a positive return on equity of 6.82%. The company had revenue of $86.01 million for the quarter, compared to analysts’ expectations of $86.42 million. As a group, equities analysts forecast that CECO Environmental will post 0.53 EPS for the current fiscal year.

About CECO Environmental

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.

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Analyst Recommendations for CECO Environmental (NASDAQ:CECE)

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