Ecovyst Inc. (NYSE:ECVT) Given Average Recommendation of “Moderate Buy” by Analysts

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

Several brokerages have issued reports on ECVT. Citigroup increased their price objective on shares of Ecovyst from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a report on Wednesday. Wall Street Zen lowered shares of Ecovyst from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research report on Friday, January 2nd. Finally, KeyCorp dropped their target price on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ECVT. State of Alaska Department of Revenue bought a new stake in shares of Ecovyst in the 3rd quarter worth about $48,000. CWM LLC grew its stake in Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares in the last quarter. Parkside Financial Bank & Trust increased 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 valued at $51,000 after buying an additional 5,823 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Ecovyst during the third quarter valued at approximately $87,000. Finally, Landscape Capital Management L.L.C. bought a new position in Ecovyst during the 3rd quarter worth approximately $89,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Trading Down 0.0%

NYSE:ECVT opened at $11.16 on Friday. The business’s 50-day moving average is $9.60 and its two-hundred day moving average is $9.00. The firm has a market capitalization of $1.27 billion, a PE ratio of -11.99, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20. Ecovyst has a 12 month low of $5.24 and a 12 month high of $11.31. 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 (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). The company had revenue of $204.91 million during the quarter, compared to analyst estimates of $204.74 million. Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. Research analysts predict that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Ecovyst Company Profile

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.