Stock Rating Upgrade
The Value Trend Rating for CECO Environmental Corp. (NASDAQ: CECO) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, CECO Environmental Corp. (NASDAQ: CECO) stock increased 1.8%, closing at $22.00. Moreover, this advance was accompanied by unusually high trading volume at 156% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -7.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CECO is expected to continue to be an important Value Builder.
CECO Environmental has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CECO Environmental has a poor Appreciation Score of 28 but a very high Power Rating of 98, triggering the Positive Value Trend Rating.
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