Ceco Environmental Corp Stock Buy Hold or Sell Recommendation
| CECO Stock | USD 25.39 0.07 0.28% |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding CECO Environmental Corp is 'Strong Hold'. Macroaxis provides CECO Environmental buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CECO positions. The advice algorithm takes into account all of CECO Environmental's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting CECO Environmental's buy or sell advice are summarized below:
Real Value 25.33 | Target Price 21.2 | Hype Value 25.32 | Market Value 25.39 | Naive Value 26.31 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell CECO Environmental Corp given historical horizon and risk tolerance towards CECO Environmental. When Macroaxis issues a 'buy' or 'sell' recommendation for CECO Environmental Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
CECO |
Execute CECO Environmental Buy or Sell Advice
The CECO recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on CECO Environmental Corp. Macroaxis does not own or have any residual interests in CECO Environmental Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute CECO Environmental's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
CECO Environmental Trading Alerts and Improvement Suggestions
| CECO Environmental had very high historical volatility over the last 90 days | |
| CECO Environmental has a strong financial position based on the latest SEC filings | |
| About 71.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: CECO Environmental Is Looking To Continue Growing Its Returns On Capital |
CECO Environmental Returns Distribution Density
The distribution of CECO Environmental's historical returns is an attempt to chart the uncertainty of CECO Environmental's future price movements. The chart of the probability distribution of CECO Environmental daily returns describes the distribution of returns around its average expected value. We use CECO Environmental Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of CECO Environmental returns is essential to provide solid investment advice for CECO Environmental.
| Mean Return | 0.47 | Value At Risk | -2.96 | Potential Upside | 4.70 | Standard Deviation | 3.31 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of CECO Environmental historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
CECO Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as CECO Environmental is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CECO Environmental Corp backward and forwards among themselves. CECO Environmental's institutional investor refers to the entity that pools money to purchase CECO Environmental's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Arnhold & S. Bleichroeder Advisers, Llc | 2023-12-31 | 483.4 K | Oberweis Asset Management Inc | 2023-09-30 | 416.7 K | Manatuck Hill Partners Llc | 2023-12-31 | 407.9 K | Loomis, Sayles & Company Lp | 2023-12-31 | 400.8 K | Martin & Co Inc | 2023-12-31 | 377.7 K | Driehaus Capital Management Llc | 2023-12-31 | 375.8 K | Heartland Advisors Inc | 2023-12-31 | 375 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 368.6 K | Silvercrest Asset Management Group Llc | 2023-12-31 | 323.9 K | Blackrock Inc | 2023-12-31 | 2.6 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 2.3 M |
CECO Environmental Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (7.5M) | 853K | (5.8M) | 14.6M | 8.9M | 9.3M | |
| Free Cash Flow | 4.6M | 476K | 10.7M | 26.3M | 36.3M | 38.1M | |
| Other Non Cash Items | 1.0M | 4.3M | 521K | (659K) | 4.1M | 4.1M | |
| Capital Expenditures | 5.7M | 3.9M | 2.6M | 3.4M | 8.4M | 8.8M | |
| Net Income | 17.7M | 8.2M | 2.0M | 18.3M | 12.9M | 13.6M | |
| End Period Cash Flow | 37.0M | 37.8M | 32.0M | 46.6M | 55.4M | 58.2M | |
| Depreciation | 10.6M | 9.9M | 9.9M | 10.6M | 12.5M | 13.1M | |
| Change To Inventory | (207K) | 4.4M | (203K) | (6.0M) | (6.9M) | (6.6M) | |
| Dividends Paid | 7.8M | 0.0 | 230K | 671K | 603.9K | 573.7K | |
| Investments | (5.1M) | (9.2M) | (2.1M) | (44.9M) | (56.5M) | (53.7M) | |
| Net Borrowings | (11.1M) | 3.7M | (9.0M) | (28.7M) | (32.9M) | (34.6M) | |
| Change To Netincome | 1.7M | 6.6M | 6.7M | 3.7M | 3.3M | 4.1M |
CECO Environmental Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to CECO Environmental or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that CECO Environmental's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CECO stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.29 | |
β | Beta against NYSE Composite | 2.11 | |
σ | Overall volatility | 3.38 | |
Ir | Information ratio | 0.11 |
CECO Environmental Volatility Alert
CECO Environmental Corp shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure CECO Environmental's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact CECO Environmental's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.CECO Environmental Fundamentals Vs Peers
Comparing CECO Environmental's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze CECO Environmental's direct or indirect competition across all of the common fundamentals between CECO Environmental and the related equities. This way, we can detect undervalued stocks with similar characteristics as CECO Environmental or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of CECO Environmental's fundamental indicators could also be used in its relative valuation, which is a method of valuing CECO Environmental by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare CECO Environmental to competition |
| Fundamentals | CECO Environmental | Peer Average |
| Return On Equity | 0.0637 | -0.31 |
| Return On Asset | 0.0455 | -0.14 |
| Profit Margin | 0.02 % | (1.27) % |
| Operating Margin | 0.09 % | (5.51) % |
| Current Valuation | 993.5 M | 16.62 B |
| Shares Outstanding | 34.87 M | 571.82 M |
| Shares Owned By Insiders | 16.92 % | 10.09 % |
| Shares Owned By Institutions | 70.63 % | 39.21 % |
| Number Of Shares Shorted | 1.07 M | 4.71 M |
| Price To Earning | 23.49 X | 28.72 X |
| Price To Book | 3.45 X | 9.51 X |
| Price To Sales | 1.47 X | 11.42 X |
| Revenue | 544.85 M | 9.43 B |
| Gross Profit | 128.22 M | 27.38 B |
| EBITDA | 52.4 M | 3.9 B |
| Net Income | 12.91 M | 570.98 M |
| Cash And Equivalents | 281.83 M | 2.7 B |
| Cash Per Share | 4.01 X | 5.01 X |
| Total Debt | 155.48 M | 5.32 B |
| Debt To Equity | 16.60 % | 48.70 % |
| Current Ratio | 2.67 X | 2.16 X |
| Book Value Per Share | 6.68 X | 1.93 K |
| Cash Flow From Operations | 44.65 M | 971.22 M |
| Short Ratio | 3.99 X | 4.00 X |
| Earnings Per Share | 0.37 X | 3.12 X |
| Price To Earnings To Growth | 1.61 X | 4.89 X |
| Target Price | 26.5 | |
| Number Of Employees | 1.2 K | 18.84 K |
| Beta | 1.23 | -0.15 |
| Market Capitalization | 882.87 M | 19.03 B |
| Total Asset | 613.11 M | 29.47 B |
| Retained Earnings | (6.39 M) | 9.33 B |
| Working Capital | 78.33 M | 1.48 B |
Note: Acquisition by Pollack Jonathan of 7630 shares of CECO Environmental at 6.879 subject to Rule 16b-3 [view details]
CECO Environmental Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as CECO . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About CECO Environmental Buy or Sell Advice
When is the right time to buy or sell CECO Environmental Corp? Buying financial instruments such as CECO Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 72.5M | 119.7M | 155.5M | 163.3M | Total Assets | 416.2M | 504.7M | 613.1M | 643.8M |
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Check out CECO Environmental Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the CECO Environmental Corp information on this page should be used as a complementary analysis to other CECO Environmental's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for CECO Stock analysis
When running CECO Environmental's price analysis, check to measure CECO Environmental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CECO Environmental is operating at the current time. Most of CECO Environmental's value examination focuses on studying past and present price action to predict the probability of CECO Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CECO Environmental's price. Additionally, you may evaluate how the addition of CECO Environmental to your portfolios can decrease your overall portfolio volatility.
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Is CECO Environmental's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CECO Environmental. If investors know CECO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CECO Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.54) | Earnings Share 0.37 | Revenue Per Share 15.717 | Quarterly Revenue Growth 0.321 | Return On Assets 0.0455 |
The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.