Jefferies Releases a Hold Rating on Ceco Environmental

By Ryan Adsit

In a report released today, Bhupender Bohra from Jefferies reiterated a Hold rating on Ceco Environmental (NASDAQ: CECE), with a price target of $11. The company’s shares closed yesterday at $10.44.

According to TipRanks.com, Bohra is a 5-star analyst with an average return of 19.1% and a 82.0% success rate. Bohra covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Barnes Group Inc, and Altra Holdings.

Ceco Environmental has an analyst consensus of Moderate Buy, with a price target consensus of $12.

The company has a one year high of $14.88 and a one year low of $5.60. Currently, Ceco Environmental has an average volume of 250.8K.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Claudio Mannarino, a Director at CECE bought 1,500 shares for a total of $15,360.

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. It operates through the following segments: Environmental, Energy; and Fluid Handling and Filtration. The Environmental segment provides the design and manufacture of product recovery and air pollution control technologies that enable its customers to meet compliance targets to toxic emissions, fumes, volatile organic compounds, process and industrial odors such as cyclone systems, scrubbers, regenerative thermal and catalytic oxidizer, dust collectors and baghouses, standard and engineered industrial ducting, fabric filters, and cartridge collectors. The Energy segment provides solutions for the power and petrochemical industry such as gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, and others. The Fluid Handling and Filtration segment provides the design and manufacture of pump, filtration and fume exhaust solutions such as centrifugal pumps for corrosive, abrasive, and high temperature liquids, filter products for air and liquid filtration, precious metal recovery systems, carbonate precipitators, and technologically advanced air movement and exhaust systems. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Cincinnati, OH.