Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on Ceco Environmental, retaining the price target of $55.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.