Lake Street Reiterates Buy Rating on CECO Environmental Corp.
Lake Street maintains its buy rating on CECO with a $111 price target, a 16.83% upside from the current price.
Key Points
- Lake Street reiterated its buy rating on CECO Environmental Corp. with a price target of $111 as of June 10, 2026.
- Lake Street's $111 price target implies 16.83% upside from CECO Environmental Corp.'s ($CECO) current $95.01 share price.
- CECO Environmental Corp. shares trade around $96.45, with a market cap of $3.47 billion and a forward P/E of 34.0.
- Recent insider buying includes Richard Wallman's purchase of 20,000 shares at $76.85 on June 1, 2026.
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Lake Street has reaffirmed its buy rating on CECO Environmental Corp. (NasdaqGS:CECO) with a price target of $111. This update was issued on June 10, 2026, by analyst Robert Brown, as the stock traded near $96.45.
Other Institutional Activity in CECO Environmental Corp.
FMR LLC increased its stake by 117,516 shares, bringing its total to 2,328,888 shares valued at about $138.8 million. T. Rowe Price Investment Management, Inc. made a significant addition of 1,412,853 shares, ending with 2,131,845 shares worth approximately $127 million. Meanwhile, American Century Companies Inc. reduced its holdings by 144,135 shares, now holding 1,894,177 shares valued at $112.9 million.
CECO Environmental Corp. Stock Up 36.4%
Shares of CECO Environmental Corp. are trading around $96.45. The company has a market cap of approximately $3.47 billion, with a P/E ratio of 254.6 and a forward P/E of 34.0, reflecting its growth expectations. The stock's 52-week range is between $27.50 and $101.24, and it has a 50-day moving average of $76.03 and a 200-day moving average of $61.86.
$CECO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at CECO Environmental Corp.
Recent insider transactions show significant buying activity. Richard Wallman purchased 20,000 shares at an average price of $76.85 on June 1, 2026. Other insiders, including George Marcus and Candace Harris-Peterson, also bought shares in early June.
Analysts Set New Price Targets
On June 10, 2026, Lake Street maintained its buy rating for CECO with a target price of $111. On the same day, Needham also reiterated its buy rating with a $110 target. The consensus among analysts is a strong buy, with an average target price of $102.6 based on five opinions.
About CECO Environmental Corp.
CECO Environmental Corp., headquartered in Addison, Texas, specializes in industrial air quality and water treatment solutions. The company operates through its Engineered Systems and Industrial Process Solutions segments, providing services and products for pollution control, fluid handling, and process filtration across various industries globally. CECO is led by CEO Todd R. Gleason and employs around 1,540 people.
Bottom Line
Lake Street's reaffirmation of a buy rating with a $111 target reflects confidence in CECO Environmental's growth prospects. The company's stock performance and recent insider buying indicate positive sentiment. Investors keep a close eye on these ratings as they provide insight into potential future performance, though it's important to remember that analyst ratings are only one factor to consider.
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