Ceco Environmental (CECE) Receives a Buy from H.C. Wainwright

H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on Ceco Environmental (CECEResearch Report) today and set a price target of $15.00. The company’s shares closed last Tuesday at $7.26.

According to TipRanks.com, Dayal is a top 100 analyst with an average return of 61.5% and a 50.9% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Westport Fuel Systems, Orion Energy Systems, and Broadwind Energy.

Ceco Environmental has an analyst consensus of Strong Buy, with a price target consensus of $12.00.

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The company has a one-year high of $9.47 and a one-year low of $5.95. Currently, Ceco Environmental has an average volume of 96.82K.

Based on the recent corporate insider activity of 16 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 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.