BMO Capital Markets Issues Pessimistic Forecast for Ecovyst (NYSE:ECVT) Stock Price

Ecovyst (NYSE:ECVT) had its price objective reduced by stock analysts at BMO Capital Markets from $11.00 to $9.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 18.11% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Citigroup cut their price target on Ecovyst from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, July 12th. KeyCorp cut their price target on Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, BWS Financial reiterated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Friday.

Ecovyst Trading Up 14.4 %

Shares of ECVT stock opened at $7.62 on Friday. Ecovyst has a 1 year low of $6.02 and a 1 year high of $11.35. The firm has a fifty day moving average price of $6.65 and a 200-day moving average price of $8.12. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.72 and a quick ratio of 2.18. The company has a market cap of $887.50 million, a price-to-earnings ratio of 16.57, a PEG ratio of 1.19 and a beta of 1.01.

Ecovyst (NYSE:ECVT) last issued its earnings results on Thursday, August 1st. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Ecovyst had a return on equity of 7.11% and a net margin of 7.74%. The firm had revenue of $182.80 million during the quarter, compared to the consensus estimate of $189.79 million. During the same period in the prior year, the company posted $0.26 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Ecovyst will post 0.46 earnings per share for the current year.

Insider Activity

In other news, insider Paul Whittleston acquired 7,800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $6.50 per share, for a total transaction of $50,700.00. Following the completion of the transaction, the insider now directly owns 57,542 shares in the company, valued at approximately $374,023. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ecovyst news, insider Joseph S. Koscinski purchased 4,807 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $6.26 per share, with a total value of $30,091.82. Following the acquisition, the insider now owns 544,609 shares in the company, valued at approximately $3,409,252.34. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Whittleston purchased 7,800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $6.50 per share, with a total value of $50,700.00. Following the acquisition, the insider now owns 57,542 shares in the company, valued at $374,023. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Innealta Capital LLC bought a new position in shares of Ecovyst in the 2nd quarter valued at about $35,000. CWM LLC lifted its holdings in shares of Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock valued at $37,000 after acquiring an additional 4,014 shares during the last quarter. Quarry LP lifted its stake in Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after purchasing an additional 1,721 shares during the last quarter. Paloma Partners Management Co bought a new stake in Ecovyst in the first quarter worth about $114,000. Finally, SG Americas Securities LLC bought a new stake in Ecovyst in the second quarter worth about $95,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.