Ecovyst Inc. (NYSE:ECVT) Receives $14.05 Consensus PT from Analysts

Posted by admin on Jul 23rd, 2022

Ecovyst logo Shares of Ecovyst Inc. (NYSE:ECVT – Get Rating) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.05.

A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of Ecovyst from a “d+” rating to a “c-” rating in a research note on Thursday, April 7th. KeyCorp dropped their price objective on shares of Ecovyst from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday.

Insider Activity

In other Ecovyst news, insider Michael Feehan bought 5,000 shares of Ecovyst stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average price of $9.96 per share, for a total transaction of $49,800.00. Following the acquisition, the insider now owns 361,034 shares of the company’s stock, valued at approximately $3,595,898.64. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, Director Kevin Michael Fogarty acquired 40,000 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were purchased at an average price of $9.85 per share, for a total transaction of $394,000.00. Following the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $394,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Feehan acquired 5,000 shares of the business’s stock in a transaction on Thursday, May 19th. The stock was purchased at an average price of $9.96 per share, for a total transaction of $49,800.00. Following the acquisition, the insider now directly owns 361,034 shares in the company, valued at $3,595,898.64. The disclosure for this purchase can be found here. Corporate insiders own 3.23% of the company’s stock.

Institutional Investors Weigh In On Ecovyst

A number of institutional investors have recently modified their holdings of ECVT. Counterpoint Mutual Funds LLC acquired a new stake in shares of Ecovyst in the 4th quarter valued at about $27,000. Amalgamated Bank bought a new position in shares of Ecovyst during the first quarter valued at approximately $71,000. Amplius Wealth Advisors LLC bought a new stake in shares of Ecovyst in the 4th quarter worth approximately $79,000. ProShare Advisors LLC acquired a new stake in shares of Ecovyst in the 4th quarter worth about $115,000. Finally, PDT Partners LLC bought a new stake in Ecovyst in the 4th quarter valued at about $135,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Ecovyst Stock Down 0.1 %

Shares of ECVT opened at $10.10 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.19 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average is $9.96 and its two-hundred day moving average is $10.38. The firm has a market cap of $1.40 billion, a P/E ratio of -24.63 and a beta of 0.84. Ecovyst has a 12 month low of $9.12 and a 12 month high of $17.29.

Ecovyst (NYSE:ECVT – Get Rating) last released its earnings results on Thursday, April 28th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Ecovyst had a negative net margin of 8.60% and a positive return on equity of 9.78%. The business had revenue of $179.70 million for the quarter, compared to analyst estimates of $175.46 million. During the same period last year, the company posted $0.04 EPS. The business’s revenue was up 41.9% on a year-over-year basis. Analysts predict that Ecovyst will post 0.52 earnings per share for the current fiscal year.

Ecovyst Company Profile

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Ecovyst Inc provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through two segments, Ecoservices and Catalyst Technologies. The Ecoservices segment offers sulfuric acid recycling services for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.