Analyst Scoreboard: 7 Ratings For CECO Environmental
Portfolio Pulse from Benzinga Insights
CECO Environmental (NASDAQ:CECO) has received diverse analyst ratings over the past quarter, with a total of 7 analysts offering opinions ranging from bullish to bearish. The recent ratings show an increase in bullish sentiment, with 3 new bullish ratings in the last 30 days. The average 12-month price target for CECO has risen to $27.14, up 15.49% from the previous target of $23.50. Analysts from firms like Craig-Hallum, Needham, HC Wainwright & Co., Northland Capital Markets, and Roth MKM have adjusted their ratings and price targets, reflecting optimism about CECO's market position and financial performance. CECO Environmental, serving various markets including energy, industrial, and others, has shown remarkable revenue growth of 32.05% and strong financial metrics such as net margin, ROE, and ROA, outperforming industry standards.
May 01, 2024 | 7:00 pm
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POSITIVE IMPACT
CECO Environmental has received positive analyst ratings, with an updated average 12-month price target of $27.14, indicating a bullish outlook. The company's strong financial performance and market position are key factors in this optimistic assessment.
The increase in bullish analyst ratings and the rise in the average price target for CECO Environmental suggest a positive short-term impact on its stock price. The company's significant revenue growth and superior financial metrics compared to industry standards contribute to this optimistic outlook. Analysts' adjustments in ratings and price targets reflect confidence in CECO's operational capacity and growth expectations, likely influencing investor sentiment positively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100