Ecovyst (NYSE:ECVT) Receives “Buy” Rating from BWS Financial

BWS Financial reiterated their buy rating on shares of Ecovyst (NYSE:ECVT) in a research report sent to investors on Monday morning,Benzinga reports. They currently have a $12.00 target price on the stock.

Separately, BMO Capital Markets decreased their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd.

Ecovyst Trading Up 0.2 %

Shares of Ecovyst stock opened at $6.62 on Monday. The stock has a market capitalization of $777.45 million, a P/E ratio of 14.40, a P/E/G ratio of 1.04 and a beta of 1.06. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.96. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The stock’s 50-day simple moving average is $6.24 and its 200 day simple moving average is $7.21.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The company had revenue of $162.20 million for the quarter, compared to analyst estimates of $168.43 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, research analysts anticipate that Ecovyst will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Ecovyst

A number of hedge funds and other institutional investors have recently bought and sold shares of ECVT. Barclays PLC lifted its holdings in shares of Ecovyst by 198.1% during the 3rd quarter. Barclays PLC now owns 178,032 shares of the company’s stock worth $1,220,000 after acquiring an additional 118,303 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Ecovyst by 13.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock worth $15,283,000 after purchasing an additional 244,081 shares in the last quarter. Spire Wealth Management increased its position in shares of Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after purchasing an additional 1,896 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Ecovyst by 5.1% during the 4th quarter. Empowered Funds LLC now owns 320,079 shares of the company’s stock valued at $2,445,000 after buying an additional 15,473 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Ecovyst by 34.2% in the 4th quarter. Rhumbline Advisers now owns 246,312 shares of the company’s stock worth $1,882,000 after buying an additional 62,736 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

About Ecovyst

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.