CECO · NASDAQ · STOCK
CECO Environmental (CECO) Stock Analysis
$65.81
52W $42.82 – $101.24
52/100
$3.84B
-113.1
1.50
Is CECO Bullish or Bearish?
Mixed.
Innellis AI committee rates CECO Environmental Corp. (CECO) Watch with a composite score of 52/100
, based on 6 analysts with 33% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +7.63 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -12.37 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — revenue growing 37.6% yoy -- genuine top-line momentum. Value Analyst remains cautious — price-to-book of 6.7x prices in significant intangible value. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Revenue growing 37.6% YoY -- genuine top-line momentum — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- News sentiment is positive (+0.29 across 7 articles, 14d) — News
Bear Case
- Price-to-book of 6.7x prices in significant intangible value — Value
- ROE of only -4.1% -- cheap may mean cheap for a reason — Value
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 16.0% signals elevated volatility — Risk
- Negative filing: Delisting notice or failure to satisfy listing rule (5d ago) — News
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
52/100
Agreement
33%
Analysts
6
Conviction
Contested
Sector Rank
Top 84%
of 227 Industrials peers
Value Analyst
bearish
30
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− Price-to-book of 6.7x prices in significant intangible value
Growth Analyst
bullish
85
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 37.6% YoY -- genuine top-line momentum
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 16.0% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
51
/ 100 · Moderate confidence
News flow is mixed or quiet -- no strong signal either way right now
+ News sentiment is positive (+0.29 across 7 articles, 14d)
− Negative filing: Delisting notice or failure to satisfy listing rule (5d ago)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 51.9 to 52.4.
- New bearish signals: 2 appeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bearish signal(s); +1 bullish signal(s).
- Risk Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
31.2
Neutral
MACD Histogram
-0.568
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$59.53
Resistance
$81.47
Bollinger %B
0.02
Inside Bands
Price vs Moving Averages
EMA 9
$70.27
Below
EMA 21
$71.55
Below
EMA 50
$73.20
Below
EMA 200
$69.82
Below
Fundamental Analysis
Valuation
100
Growth
72
Profitability
42
Financial Health
79
Cash Flow
15
Valuation
P/E Ratio
-113.1×
P/B Ratio
1.37×
PEG Ratio
0.82
Dividend Yield
0.00%
52W High
$101.24
52W Low
$42.82
Quality & Growth
ROE
1576.3%
ROA
560.0%
Gross Margin
3265.7%
Operating Margin
114.1%
Revenue Growth YoY
—
Debt / Equity
0.37
AI Fundamental Assessment
P/E ratio of -113.1 (inexpensive relative to a 15-40x range); Price-to-book of 1.4x; PEG ratio of 0.8 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 15.8%; Return on assets of 5.6%; Net margin of -3.0%; Gross margin of 32.7%; Current ratio of 1.50 (tight short-term liquidity); Debt-to-equity of 0.37; Free cash flow per share is negative (-0.26); Most recent quarter beat estimates by 38.9%; 2 consecutive earnings beats; EPS growth accelerating (+20.0% -> +30.6% QoQ); Analyst estimates falling over recent quarters
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