Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on Ceco Environmental, retaining the price target of $55.00.
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Amit Dayal’s rating is based on the alignment of Ceco Environmental’s financial projections with management’s outlook and the company’s robust sales pipeline. The adjusted EBITDA for 2025 is projected at $90.8 million, which falls within the company’s guidance range, while revenue estimates are set at $756 million, aligning with the midpoint of the expected range.
Additionally, the company’s ongoing mergers and acquisitions, along with strong customer demand in both domestic and international markets, are expected to support its performance in the coming quarters. The stock’s current trading multiples suggest potential for growth, and the $55 price target reflects a slight increase in valuation multiples by 2026. Despite risks such as execution and regulatory challenges, the overall outlook remains positive, justifying the Buy rating.