Ecovyst Inc. (NYSE:ECVT) Receives $11.40 Consensus PT from Analysts

Shares of Ecovyst Inc. (NYSE:ECVT) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.40.

Several brokerages recently weighed in on ECVT. KeyCorp cut their price objective on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. BWS Financial reiterated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Finally, BMO Capital Markets increased their price target on Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th.

Institutional Trading of Ecovyst

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ecovyst by 10.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,106,949 shares of the company’s stock valued at $13,063,000 after acquiring an additional 203,801 shares in the last quarter. Simplex Trading LLC acquired a new stake in Ecovyst in the first quarter worth approximately $116,000. Nuveen LLC bought a new position in Ecovyst during the 1st quarter valued at $5,448,000. American Century Companies Inc. increased its position in shares of Ecovyst by 39.6% during the 1st quarter. American Century Companies Inc. now owns 379,907 shares of the company’s stock valued at $2,355,000 after purchasing an additional 107,761 shares during the period. Finally, First Wilshire Securities Management Inc. increased its position in shares of Ecovyst by 12.6% during the 1st quarter. First Wilshire Securities Management Inc. now owns 2,219,462 shares of the company’s stock valued at $13,761,000 after purchasing an additional 247,794 shares during the period. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Trading Up 2.5%

NYSE:ECVT opened at $8.75 on Friday. The firm has a market capitalization of $997.10 million, a P/E ratio of -9.40, a P/E/G ratio of 1.39 and a beta of 1.25. The business has a 50 day simple moving average of $8.49 and a 200 day simple moving average of $8.52. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.25 and a quick ratio of 2.07. Ecovyst has a 12-month low of $5.24 and a 12-month high of $9.69.

Ecovyst (NYSE:ECVT) last posted its earnings results on Tuesday, November 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. The company had revenue of $204.91 million during the quarter, compared to the consensus estimate of $204.74 million. Equities research analysts predict that Ecovyst will post 0.44 EPS for the current year.

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.