JPMorgan cuts target for CECO Environmental stock to USD 110.00
Published on 10/15/2026 at 22:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- JPMorgan analyst Tomohiko Sano lowered the target from USD 130.00 to USD 110.00 on October 13, 2026.
- CECO Environmental is estimated to report third-quarter 2026 results on October 27, 2026, with revenue forecast at USD 399.63 million.
- CECO Environmental stock costs EUR 53.93 at Lang & Schwarz on October 15, 2026 at 10:24 p.m. CEST.
- CECO Environmental had a market capitalization of USD 3.5 billion and a price-to-earnings ratio of minus 101.10 on October 15, 2026.
JPMorgan analyst Tomohiko Sano lowered the price target for CECO Environmental from USD 130.00 to USD 110.00 on October 13, 2026, while keeping an Overweight rating, according to Markets Insider. The new target sits 81.67 percent above CECO's USD 60.54 Nasdaq price at 4:00 p.m. ET on October 15, 2026. CECO's euro quotation stood at EUR 53.93 at Lang & Schwarz on October 15, 2026 at 10:24 p.m. CEST.
Revenue expectations set the next test
CECO Environmental is estimated to report third-quarter 2026 results on October 27, 2026, before the market opens, with an 8:30 a.m. ET conference call. MarketBeat lists consensus revenue of USD 399.63 million and consensus earnings per share of USD 0.5930 for the quarter.
Second-quarter figures reset the comparison
For the second quarter of 2026, CECO reported revenue of USD 284.96 million, up 53.70 percent from the prior-year quarter, in its release dated August 10, 2026. The same release reported non-GAAP diluted earnings per share of USD 0.47, compared with USD 0.24 a year earlier, while adjusted EBITDA rose 73.00 percent to USD 40.20 million. The release also cited a USD 1.8191 billion backlog, up 164.00 percent year over year. These figures included acquisition and integration effects from the Thermon transaction, so GAAP net income remained negative at USD 34.77 million.
Price position and valuation
The Nasdaq quote was USD 60.54 at 4:00 p.m. ET on October 15, 2026, down 2.97 percent from USD 62.39. The 52-week range was USD 42.82 to USD 101.24, while trading volume reached 1,266,778 shares against an average of 844,159. CECO's market capitalization was USD 3.5 billion and its price-to-earnings ratio was minus 101.10 on October 15, 2026. The company paid no trailing dividend yield in the quoted data.
Comparison with peers
CECO: price-to-earnings ratio minus 101.10, market capitalization USD 3.5 billion.
Tetra Tech (Nasdaq, USD): plus 3.48 percent, price-to-earnings ratio 20.95, market capitalization USD 8.9 billion.
ITT (NYSE, USD): plus 0.64 percent, price-to-earnings ratio 39.42, market capitalization USD 18.0 billion.
What the target change means
JPMorgan's lower target narrows the published valuation reference, but it remains materially above the October 15 Nasdaq price. The next scheduled report will test whether the revenue growth and backlog cited for the second quarter are translating into earnings and cash flow.
Stock price in euros
CECO Environmental stock was trading at EUR 53.93 at Lang & Schwarz on October 15, 2026 at 10:24 p.m. CEST. The Nasdaq price was USD 60.54 at 4:00 p.m. ET on the same date.
The further course of trading is shown by the continuously updated real-time quote of CECO Environmental stock.
CECO Environmental stock at a glance
- Company: CECO Environmental Corp.
- ISIN: US1251411013
- Ticker: CECO
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 15, 2026, 10:24 p.m. CEST: EUR 53.93
- Market capitalization: USD 3.5 billion (as of October 15, 2026)
- 52-week range: USD 42.82-101.24 (as of October 15, 2026)
- Sector / Industry: Industrials / Industrial - Pollution and Treatment Controls
- Next earnings date: October 27, 2026
Market context: Market report S&P 500.
