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Analysts Offer Insights on Industrial Goods Companies: Ceco Environmental (CECO) and Alta Equipment Group (ALTG)

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Ceco Environmental (CECOResearch Report) and Alta Equipment Group (ALTGResearch Report) with bullish sentiments.

Ceco Environmental (CECO)

In a report released today, Bobby Brooks, CFA from Northland Securities maintained a Buy rating on Ceco Environmental, with a price target of $28.00. The company’s shares closed last Monday at $21.47.

CFA has an average return of 9.2% when recommending Ceco Environmental.

According to TipRanks.com, CFA is ranked #4134 out of 8752 analysts.

Ceco Environmental has an analyst consensus of Strong Buy, with a price target consensus of $26.50, implying a 22.3% upside from current levels. In a report issued on March 6, Roth MKM also maintained a Buy rating on the stock with a $25.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Alta Equipment Group (ALTG)

In a report released today, Ted Jackson from Northland Securities reiterated a Buy rating on Alta Equipment Group, with a price target of $30.00. The company’s shares closed last Monday at $11.22.

According to TipRanks.com, Jackson is a 3-star analyst with an average return of 3.9% and a 55.0% success rate. Jackson covers the Industrial Goods sector, focusing on stocks such as Hyster-Yale Materials Handling, Mayville Engineering Company, and Northwest Pipe Company.

Alta Equipment Group has an analyst consensus of Strong Buy, with a price target consensus of $24.67, representing an 119.7% upside. In a report issued on March 15, B.Riley Financial also maintained a Buy rating on the stock with a $22.00 price target.

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