Ceco Environmental (CECE) Receives a Buy from Maxim Group

Maxim Group analyst Tate Sullivan maintained a Buy rating on Ceco Environmental (CECEResearch Report) yesterday and set a price target of $8.00. The company’s shares closed last Wednesday at $6.10.

According to TipRanks.com, Sullivan has 0 stars on 0-5 stars ranking scale with an average return of -6.8% and a 33.2% success rate. Sullivan covers the Services sector, focusing on stocks such as Natural Gas Services Group, Recon Technology, and ABM Industries.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ceco Environmental with a $9.20 average price target, which is a 51.3% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $9.00 price target.

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The company has a one-year high of $9.51 and a one-year low of $3.53. Currently, Ceco Environmental has an average volume of 87.25K.

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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.