Ecovyst Inc. (NYSE:ECVT) Receives $12.00 Average Target Price from Brokerages

Ecovyst Inc. (NYSE:ECVT) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $12.00.

ECVT has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, January 21st. BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a report on Friday, January 2nd. KeyCorp lowered their price objective on Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Wall Street Zen upgraded Ecovyst from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Citigroup raised their target price on Ecovyst from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st.

Institutional Trading of Ecovyst

Several hedge funds have recently modified their holdings of ECVT. State of Alaska Department of Revenue bought a new position in Ecovyst during the third quarter worth $48,000. CWM LLC raised its holdings in shares of Ecovyst by 63.0% during 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 during the period. Parkside Financial Bank & Trust boosted its position in shares of Ecovyst by 1,769.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after purchasing an additional 5,823 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Ecovyst in the 3rd quarter valued at about $87,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Ecovyst in the 3rd quarter valued at about $89,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Down 0.6%

Ecovyst stock opened at $11.57 on Wednesday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -12.44, a PEG ratio of 1.50 and a beta of 1.20. Ecovyst has a 52-week low of $5.24 and a 52-week high of $11.85. 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 firm has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $9.35.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.