Ceco Environmental, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on the stock and has a $55.00 price target.
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Amit Dayal has given his Buy rating due to a combination of factors including CECO Environmental’s strong financial performance and promising future outlook. The company reported a significant increase in revenue for the third quarter of 2025, demonstrating a year-over-year growth of 45.8%, which indicates robust business operations despite a slight dip in gross margins during this period.
Furthermore, CECO Environmental’s management has projected a positive outlook for the coming years, with expected revenues and adjusted EBITDA for 2026 aligning with Dayal’s projections. The company’s strategic focus on industrial water infrastructure projects globally, along with its disciplined approach to managing operating expenses, positions it well to capitalize on macro infrastructure trends. Additionally, CECO’s continued execution of its M&A strategy is expected to bolster its organic growth, providing a solid foundation for sustained performance into the early 2030s.
In another report released today, Needham also reiterated a Buy rating on the stock with a $57.00 price target.