Ecovyst’s (ECVT) “Buy” Rating Reaffirmed at BWS Financial

Ecovyst (NYSE:ECVT)‘s stock had its “buy” rating restated by equities research analysts at BWS Financial in a research report issued on Friday,Benzinga reports. They presently have a $12.00 price target on the stock. BWS Financial’s price objective would suggest a potential upside of 22.39% from the stock’s current price.

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price objective on Ecovyst from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. Citigroup upped their price objective on shares of Ecovyst from $8.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Finally, KeyCorp cut their target price on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.60.

Ecovyst Stock Performance

Shares of ECVT traded up $0.08 during trading hours on Friday, hitting $9.81. The stock had a trading volume of 668,479 shares, compared to its average volume of 1,558,724. The firm has a 50-day moving average price of $8.91 and a 200 day moving average price of $8.74. Ecovyst has a fifty-two week low of $5.24 and a fifty-two week high of $10.01. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -10.54, a PEG ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.25.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. The firm had revenue of $204.91 million for the quarter, compared to analyst estimates of $204.74 million. As a group, research analysts anticipate that Ecovyst will post 0.44 EPS for the current year.

Institutional Trading of Ecovyst

Several large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Ecovyst in the third quarter valued at $48,000. CWM LLC grew its holdings in shares of Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Ecovyst by 1,769.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after purchasing an additional 5,823 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Ecovyst in the 3rd quarter valued at about $87,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Ecovyst in the 3rd quarter valued at about $89,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.