Needham analyst Sean Hannan reiterated a Buy rating on Ceco Environmental (NASDAQ: CECE) today and set a price target of $10. The company’s shares opened today at $8.10.
According to TipRanks.com, Hannan is a 5-star analyst with an average return of 16.1% and a 62.6% success rate. Hannan covers the Consumer Goods sector, focusing on stocks such as Park Electrochemical, Sanmina-Sci Corp, and TTM Technologies.
Ceco Environmental has an analyst consensus of Moderate Buy, with a price target consensus of $10.
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Based on Ceco Environmental’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $901K. In comparison, last year the company had a net profit of $5.49 million.
Based on the recent corporate insider activity of 24 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
