Ecovyst (NYSE:ECVT) Price Target Raised to $10.00 at BMO Capital Markets

Ecovyst (NYSE:ECVT) had its target price lifted by analysts at BMO Capital Markets from $9.00 to $10.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 19.76% from the stock’s previous close.

Several other brokerages also recently issued reports on ECVT. KeyCorp decreased their price target on Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, August 5th. BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a report on Friday, November 1st.

Ecovyst Stock Down 3.1 %

Shares of NYSE ECVT traded down $0.27 during mid-day trading on Tuesday, reaching $8.35. 208,712 shares of the company’s stock traded hands, compared to its average volume of 879,197. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The business has a 50-day simple moving average of $7.18 and a 200 day simple moving average of $7.87. The stock has a market cap of $972.86 million, a P/E ratio of 18.15, a PEG ratio of 1.78 and a beta of 1.06. Ecovyst has a 1-year low of $6.02 and a 1-year high of $11.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP increased its position in Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after buying an additional 1,721 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ecovyst by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company’s stock worth $587,000 after acquiring an additional 3,353 shares during the last quarter. Innealta Capital LLC bought a new stake in Ecovyst in the 2nd quarter valued at about $35,000. CWM LLC lifted its holdings in Ecovyst by 6,920.7% during the second quarter. CWM LLC now owns 4,072 shares of the company’s stock valued at $37,000 after purchasing an additional 4,014 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Ecovyst by 14.0% during the second quarter. Arizona State Retirement System now owns 32,751 shares of the company’s stock worth $294,000 after purchasing an additional 4,031 shares during the period. 86.69% of the stock is owned by institutional investors.

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.