BWS Financial Reaffirms Buy Rating for Ecovyst (NYSE:ECVT)

Ecovyst (NYSE:ECVT)‘s stock had its “buy” rating reiterated by investment analysts at BWS Financial in a research note issued to investors on Monday,Benzinga reports. They currently have a $12.00 target price on the stock. BWS Financial’s price target suggests a potential upside of 37.69% from the company’s previous close.

Ecovyst Stock Down 0.9%

Shares of Ecovyst stock opened at $8.72 on Monday. The stock’s 50-day moving average is $8.41 and its 200 day moving average is $7.44. Ecovyst has a one year low of $5.24 and a one year high of $9.07. The firm has a market cap of $997.17 million, a price-to-earnings ratio of -72.63, a PEG ratio of 0.75 and a beta of 1.18. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.25 and a quick ratio of 2.24.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Ecovyst will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Ecovyst

A number of large investors have recently bought and sold shares of ECVT. Versant Capital Management Inc raised its holdings in shares of Ecovyst by 200.7% during the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company’s stock valued at $32,000 after purchasing an additional 3,489 shares during the period. GAMMA Investing LLC increased its position in Ecovyst by 11,312.2% in the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company’s stock valued at $35,000 after buying an additional 5,543 shares in the last quarter. CWM LLC raised its stake in Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after buying an additional 2,298 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Ecovyst by 1,769.9% in the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after acquiring an additional 5,823 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in Ecovyst by 60.1% in the first quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after acquiring an additional 3,396 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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.