Impact of Brokerage Rating on CECO Environmental Corp.(CECE)

Many CECO Environmental Corp.(CECE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. CECO Environmental Corp. was Downgraded by Seaport Global Securities on Nov 17, 2016 to Neutral, Price Target of the shares are set at $13.

Company has reported several Insider transactions to the SEC, on Dec 28, 2016, Jeffrey Lang (CEO and President) sold 20,000 shares at 14.28 per share price.On Nov 22, 2016, Benton Lowell Cook (VP Controller) sold 10,000 shares at 12.78 per share price.On May 18, 2016, Seth Rudin (director) purchased 700 shares at 7.59 per share price.

CECO Environmental Corp. Last issued its quarterly earnings results on Nov 8, 2016. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.21. The company had revenue of $101.60 million for the quarter, compared to analysts expectations of $109.93 million. The companys revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

CECO Environmental Corp. (NASDAQ:CECE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.17 by 6 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

CECO Environmental Corp. (NASDAQ:CECE): 4 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $12.5 in CECO Environmental Corp. (NASDAQ:CECE). However, the stock price could fluctuate by $ 1 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $13 price target with the lower price estimate is calculated at $11

CECO Environmental Corp. (NASDAQ:CECE) witnessed a decline in the market cap on Tuesday as its shares dropped 2.89% or 0.33 points. After the session commenced at $11.35, the stock reached the higher end at $11.5 while it hit a low of $11.03. With the volume soaring to 666,630 shares, the last trade was called at $11.08. The company has a 52-week high of $14.88. The company has a market cap of $379 million and there are 34,161,493 shares in outstanding. The 52-week low of the share price is $5.6.

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.


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