CECO Environmental (NASDAQ:CECO) Stock Rating Upgraded by Zacks Research

CECO Environmental (NASDAQ:CECO) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. HC Wainwright increased their price target on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Craig Hallum reissued a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research note on Tuesday. Needham & Company LLC increased their price target on CECO Environmental from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. Roth Mkm reissued a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research note on Wednesday. Finally, Weiss Ratings raised CECO Environmental from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CECO Environmental has an average rating of “Buy” and an average target price of $86.83.

CECO Environmental Price Performance

CECO traded up $0.16 on Thursday, reaching $74.30. The stock had a trading volume of 499,194 shares, compared to its average volume of 542,005. CECO Environmental has a fifty-two week low of $24.66 and a fifty-two week high of $81.72. The firm has a 50-day moving average of $61.70 and a 200-day moving average of $60.34. The company has a current ratio of 1.33, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 200.81 and a beta of 1.53.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that CECO Environmental will post 1.74 EPS for the current year.

Institutional Investors Weigh In On CECO Environmental

Several institutional investors and hedge funds have recently made changes to their positions in CECO. American Century Companies Inc. boosted its position in shares of CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after purchasing an additional 1,250,373 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of CECO Environmental by 104.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after purchasing an additional 366,611 shares in the last quarter. Capital World Investors bought a new stake in shares of CECO Environmental during the 4th quarter valued at about $19,936,000. Two Sigma Investments LP boosted its position in shares of CECO Environmental by 3,620.8% during the 3rd quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock valued at $15,498,000 after purchasing an additional 294,556 shares in the last quarter. Finally, IES Holdings Inc. bought a new stake in shares of CECO Environmental during the 4th quarter valued at about $16,963,000. Institutional investors own 68.08% of the company’s stock.

Key CECO Environmental News

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: Earnings call signals breakout growth — coverage of CECO’s recent earnings call highlights management’s stronger growth outlook and execution, reinforcing investor confidence in revenue and margin momentum. CECO Environmental’s Earnings Call Signals Breakout Growth
• Positive Sentiment: Zacks upgrades CECO to a Rank #1 (Strong Buy) — the upgrade signals rising analyst optimism and can attract short-term buying interest and momentum-driven flows. What Makes CECO (CECO) a New Strong Buy Stock
• Positive Sentiment: Northland Securities lifts multiple EPS forecasts — the firm raised FY2026 and FY2027 estimates materially (FY2026 to $1.86, FY2027 to $2.61) and increased several quarterly forecasts, signaling expectations for stronger earnings trajectory and supporting a higher valuation multiple. (Market commentary compiled from Northland updates)
• Positive Sentiment: Composite rating upgrade — a composite rating upgrade noted in coverage can broaden investor interest and improve perception of the stock’s prospects. Ceco Environmental gets a composite rating upgrade
• Neutral Sentiment: Small pullback in one quarterly estimate — Northland trimmed its Q2 2026 estimate slightly (from $0.33 to $0.32), a minor change that doesn’t alter the broader upward revisions but may temper near-term expectations.
• Negative Sentiment: Investor investigation into the Thermon deal — a Kahn Swick & Foti investigation into the proposed acquisition of Thermon Group raises the prospect of litigation or deal-process scrutiny, creating potential execution or timing risk for the acquisition and share dilution/price effects. Thermon Group Investor Alert

About CECO Environmental

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.