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CECO Environmental Corp. (CECO) Analyst Thoughts: How High Can It Go?

CECO Environmental Corp. (NASDAQ:CECO) concluded the trading at $11.73 on Wednesday, November 23 with a rise of 2.53% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $11.44 with its price kept floating in the range of $11.32 and $11.78 on the day. Company’s P/E ratio for the trailing 12 months is 39.90. Considering stock’s 52-week price range provides that CECO hit a high price of $12.54 and saw its price falling to a low level of $4.09 during that period. Over a period of past 1-month, stock came subtracting -0.09% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CECO stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

According to ratings assigned by 5 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 0 of them are recommending CECO Environmental Corp. (CECO) as a Hold, while 5 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the CECO stock which is currently positioned at 2.66. It further provides that stock’s current price level is 1.26% away from its 20-day simple moving average and is 12.02% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 57.88 while volatility remained at 3.85% over the past week which changes to 7.31% when measuring it over the past month. Beta is valued at 1.28, while measure of average true range or ATR is currently at 0.69. In predicting price targets of as low as $13.00 and as high as $17.00, analysts are in agreement on assigning the stock over the next 12 months average price target of $15.00. Stock’s current price level is -10.83% above from estimated low price target while it is -44.93% below the estimated high; and even if the CECO’s share succeeded to reach the median price of $15.00, then the outlook of -27.88% could come to the excitement of the investors.

In comparing CECO Environmental Corp. (CECO)’s stock with other industry players reveals that stock’s current price change of 2.53% and that of 78.54% over the past 12 months is in competing position with that of Entegris Inc. (ENTG) which saw its stock price raised by 2.55% in the last trading and went through a decrease of -49.89% in past 12-month trading. Industry’s another major player Donaldson Company Inc. (DCI) has fall -0.38% down in previous session, but over the past year has faced a fall of -0.93%, while Fuel Tech Inc. (FTEK) was also up 3.16% however its price remained floating in the red at -23.99% over the same period. CECO Environmental Corp. has a P/E ratio of 39.90 against that of Entegris Inc.’s 37.25 while Donaldson Company Inc. is showing 22.76 for the same. On the other hand, the S&P 500 Index was up 0.59% in the last trading session while the Dow Jones Industrial closed the session higher at 0.28%.

Having a second look at CECO Environmental Corp. (NASDAQ:CECO) provides that stock’s average daily trading volume for 3 months was 289.37K, while it jumped to 0.18 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 34.46 million.

The percentage of outstanding shares held by the insiders is 6.30% while it is 67.30% for the institutional holders. Addition of 88.28% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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