Ecovyst Inc. (NYSE:ECVT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Shares of Ecovyst Inc. (NYSE:ECVT – Get Free Report) have earned an average recommendation 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 and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.40.

A number of analysts recently issued reports on ECVT shares. Deutsche Bank Aktiengesellschaft decreased their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, November 28th. KeyCorp reduced their price objective on Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. BMO Capital Markets raised their target price on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Wall Street Zen downgraded shares of Ecovyst from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Monday, November 10th.

Get Our Latest Stock Report on Ecovyst

Hedge Funds Weigh In On Ecovyst

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Ecovyst by 39.6% in the first quarter. American Century Companies Inc. now owns 379,907 shares of the company’s stock valued at $2,355,000 after acquiring an additional 107,761 shares during the period. EP Wealth Advisors LLC increased its holdings in shares of Ecovyst by 29.5% in the 1st quarter. EP Wealth Advisors LLC now owns 39,599 shares of the company’s stock valued at $246,000 after purchasing an additional 9,032 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Ecovyst in the first quarter valued at about $5,448,000. Campbell & CO Investment Adviser LLC purchased a new stake in Ecovyst during the second quarter worth about $465,000. Finally, Ballast Asset Management LP grew its position in Ecovyst by 14.4% during the second quarter. Ballast Asset Management LP now owns 555,373 shares of the company’s stock worth $4,571,000 after buying an additional 69,786 shares during the period. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Ecovyst Trading Down 6.2%

NYSE ECVT opened at $8.50 on Friday. The firm’s fifty day moving average price is $8.49 and its 200 day moving average price is $8.49. Ecovyst has a 12 month low of $5.24 and a 12 month high of $9.69. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.25 and a quick ratio of 2.07. The company has a market capitalization of $968.60 million, a price-to-earnings ratio of -9.13, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25.

Ecovyst (NYSE:ECVT – Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $204.91 million during the quarter, compared to analysts’ expectations of $204.74 million. Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. On average, sell-side analysts expect that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Ecovyst Company Profile

(Get Free Report)

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.

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