Stock To Watch: CECO Environmental Corp. (NASDAQ:CECE)


The leading market experts have placed a mean price target of $12.14 on CECO Environmental Corp. (NASDAQ:CECE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.20 a share for the upcoming quarter and $0.80 for the current fiscal.

Technical View

The technical analysis of CECO Environmental Corp. plainly substantiates that the 50-day moving average of CECO Environmental Corp. is $9.40, and stock is trading $1.58 points away or +16.79% from its 50-day moving average of $9.40. Further it is trading $3.34 or +43.63% away its 200-day moving average of $7.64. CECO Environmental Corp. (NASDAQ:CECE) 52-week high is $11.12 and the 52-week low is $5.60.

This explains if the stock moves $-0.14, it will post a 52-week high. In event of +96.07% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of CECO Environmental Corp., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, CECO Environmental Corp. (NASDAQ:CECE) ratio came in at N/A.

The stock last ended the trading session at $10.98 and registered a market cap of $372.89M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. CECO Environmental Corp. (NASDAQ:CECE) PEG ratio is at 0.91.

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