JPMorgan cuts target to USD 110 for CECO stock
Published on 10/20/2026 at 20:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- JPMorgan cut its CECO Environmental target from USD 130.00 to USD 110.00 on October 13, 2026.
- Zacks cited adjusted EBITDA guidance of USD 200.00 million to USD 225.00 million for 2026.
- CECO stock costs EUR 50.80 at Lang & Schwarz on October 20, 2026 at 8:06 p.m. CEST.
- CECO Environmental is scheduled to report third-quarter 2026 results on October 27, 2026.
CECO Environmental (ISIN US1251411013) is trading at EUR 50.80 at Lang & Schwarz on October 20, 2026 at 8:06 p.m. CEST. The main investor reference is JPMorgan's October 13 target reduction from USD 130.00 to USD 110.00, while the next quarterly report is scheduled for October 27.
According to MarketBeat on October 13, 2026, JPMorgan maintained an Overweight rating while cutting its target from USD 130.00 to USD 110.00. At the USD 57.49 price quoted for October 19, that target stood 91.34 percent above the share price.
Backlog supports the outlook
Zacks reported on September 29, 2026 that adjusted EBITDA reached USD 40.20 million in the second quarter of 2026, up 73.00 percent year over year, with a 14.10 percent margin. The company raised its 2026 adjusted EBITDA guidance to USD 200.00 million to USD 225.00 million.
The same report put CECO's second-quarter backlog at USD 1.80 billion, versus USD 793.00 million at fiscal year-end 2025. That backlog provides a quantified operating counterweight to the target cut, although it does not remove the execution burden from the Thermon integration.
Stock remains below its yearly high
CECO's USD 42.82 to USD 101.24 52-week range, recorded with the October 19 market quote, places the share 43.48 percent below its high. The same quote put market capitalization at USD 3.40 billion and volume at 939,873 shares.
CECO's second-quarter 2026 revenue was USD 284.96 million, up 53.70 percent from the prior-year quarter, while GAAP net income attributable to common shareholders was a loss of USD 34.77 million. The loss included acquisition and purchase-accounting effects cited in the September 29 Zacks review.
Results date sets the next test
MarketBeat reported on October 20, 2026 that CECO is expected to release third-quarter 2026 results before the market opens on October 27, with analysts projecting USD 399.63 million of revenue and USD 0.59 of earnings per share. The revenue forecast would represent a clear step up from the second-quarter figure, but it remains a forecast rather than a reported result.
What the target cut changes
JPMorgan's lower target and CECO's elevated backlog point to a market weighing execution against growth. The next earnings release will provide the first scheduled test of whether the order book is converting into revenue and adjusted profitability.
CECO Environmental was trading at EUR 50.80 at Lang & Schwarz on October 20, 2026 at 8:06 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of CECO stock.
CECO Environmental stock facts
- Company: CECO Environmental Corp.
- ISIN: US1251411013
- Ticker: CECO
- Price Lang & Schwarz (as of October 20, 2026, 8:06 p.m. CEST): EUR 50.80
- Market capitalization: USD 3.40 billion (as of October 19, 2026)
- 52-week range: USD 42.82-101.24 (as of October 19, 2026)
- Sector / Industry: Industrials / Industrial - Pollution & Treatment Controls
- Next earnings date: October 27, 2026
Market context: Market report S&P 500.
