In a report released today, Amit Dayal from H.C. Wainwright reiterated a Buy rating on Ceco Environmental (CECE), with a price target of $15.00. The company’s shares closed last Wednesday at $8.52, close to its 52-week high of $9.00.
According to TipRanks.com, Dayal is a top 25 analyst with an average return of 75.8% and a 56.8% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Westport Fuel Systems, Orion Energy Systems, and Broadwind Energy.
Currently, the analyst consensus on Ceco Environmental is a Moderate Buy with an average price target of $12.50, which is a 42.9% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $10.00 price target.
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Ceco Environmental’s market cap is currently $302.5M and has a P/E ratio of 19.80. The company has a Price to Book ratio of -50.00.
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CECO Environmental Corp. engages in the provision of engineering technology and solutions. It offers services in the field of environment, energy, fluid handling, and filtration. The firm operates through the following segments: Energy Solutions, Industrial Solutions, Fluid Handling Solutions, and Corporate and Other. The Energy Solutions segment improves air quality and solves fluid handling needs with market engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries. The Industrial Solutions segment serves the industrial pollution control market. The Fluid Handling Solutions segment provides pump and filtration solutions that maintain safe and clean operations in some of the most harsh and toxic environments. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Dallas, TX.
