KeyCorp Has Lowered Expectations for Ecovyst (NYSE:ECVT) Stock Price

Ecovyst (NYSE:ECVT) had its price target lowered by investment analysts at KeyCorp from $12.00 to $11.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 25.71% from the stock’s previous close.

A number of other brokerages also recently commented on ECVT. BWS Financial reaffirmed a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, October 8th. BMO Capital Markets raised their target price on Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Finally, Wall Street Zen downgraded Ecovyst from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Ecovyst presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Ecovyst Price Performance

NYSE:ECVT opened at $8.75 on Monday. Ecovyst has a one year low of $5.24 and a one year high of $9.69. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.25. The stock has a market cap of $997.68 million, a PE ratio of -9.41, a P/E/G ratio of 3.66 and a beta of 1.25. The stock has a 50 day moving average price of $8.61 and a 200 day moving average price of $8.29.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%.The company had revenue of $204.91 million for the quarter, compared to analyst estimates of $204.74 million. Ecovyst has set its FY 2025 guidance at EPS. Equities research analysts expect that Ecovyst will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

Several institutional investors have recently bought and sold shares of ECVT. State of Alaska Department of Revenue purchased a new stake in Ecovyst during the third quarter worth about $48,000. CWM LLC grew its holdings in shares of Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock valued at $49,000 after purchasing an additional 2,298 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Ecovyst by 1,769.9% in the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock valued at $51,000 after purchasing an additional 5,823 shares in the last quarter. AlphaQuest LLC increased its stake in Ecovyst by 60.1% during the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock worth $56,000 after buying an additional 3,396 shares during the period. Finally, Royce & Associates LP acquired a new stake in Ecovyst during the 1st quarter worth approximately $73,000. 86.69% of the stock is owned by institutional investors and hedge funds.

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.