Equities research analysts at Jefferies Group initiated coverage on shares of CECO Environmental Corp. (NASDAQ:CECE) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $19.00 price target on the stock. Jefferies Group’s price target suggests a potential upside of 11.76% from the company’s current price.
Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at 17.00 on Monday. CECO Environmental Corp. has a 52-week low of $10.44 and a 52-week high of $19.42. The stock has a 50-day moving average of $16.55 and a 200-day moving average of $15.92. The company has a market cap of $435.3 million and a P/E ratio of 53.53.
CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $68.70 million for the quarter, compared to the consensus estimate of $69.91 million. The company’s quarterly revenue was up 100.3% on a year-over-year basis. Analysts expect that CECO Environmental Corp. will post $1.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, March 17th.
A number of other analysts have also recently weighed in on CECE. Analysts at Boenning Scattergood raised their price target on shares of CECO Environmental Corp. from $19.00 to $21.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of CECO Environmental Corp. from $19.00 to $21.00 in a research note on Friday, March 7th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of CECO Environmental Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday, January 13th. They now have a $18.10 price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CECO Environmental Corp. presently has a consensus rating of “Buy” and a consensus price target of $19.68.
CECO Environmental Corp. (NASDAQ:CECE) is a provider of global, air pollution control technology.
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