Ceco Environmental (CECE) received a Buy rating and a $10 price target from Maxim Group analyst Tate Sullivan today. The company’s shares opened today at $7.53.
Sullivan commented:
“We believe CECE’s recent backlog growth, sales of lower-margin businesses and first positive operating EPS in 3Q18 after four quarters of losses altogether suggest a meaningful rebound in EPS in 2019.”
According to TipRanks.com, Sullivan is ranked #3263 out of 5108 analysts.
Ceco Environmental has an analyst consensus of Hold.
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The company has a one-year high of $9.18 and a one-year low of $4. Currently, Ceco Environmental has an average volume of 79.61K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CECE in relation to earlier this year.
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CECO Environmental Corp. engages in the provision of engineering technology. It provides services in the field of environment, energy, fluid handling, and filtration. The company operates through the following segments: Environmental, Energy, and Fluid Handling & Filtration.
