Ecovyst (NYSE:ECVT) Receives Buy Rating from BWS Financial

BWS Financial reissued their buy rating on shares of Ecovyst (NYSE:ECVT) in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a $12.00 target price on the stock.

Several other equities analysts have also weighed in on ECVT. BMO Capital Markets increased their target price on Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Citigroup raised their price target on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th.

Ecovyst Trading Down 1.9 %

NYSE:ECVT opened at $6.80 on Friday. Ecovyst has a 1-year low of $6.02 and a 1-year high of $11.35. The business’s 50-day moving average price is $7.80 and its two-hundred day moving average price is $7.37. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $791.69 million, a price-to-earnings ratio of 14.77, a PEG ratio of 1.04 and a beta of 1.05.

Institutional Investors Weigh In On Ecovyst

A number of hedge funds have recently modified their holdings of ECVT. Creative Planning acquired a new stake in shares of Ecovyst during the third quarter worth about $310,000. Harbor Capital Advisors Inc. grew its holdings in shares of Ecovyst by 84.6% during the third quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock worth $12,031,000 after buying an additional 805,128 shares in the last quarter. Easterly Investment Partners LLC grew its holdings in shares of Ecovyst by 56.1% during the third quarter. Easterly Investment Partners LLC now owns 155,296 shares of the company’s stock worth $1,064,000 after buying an additional 55,836 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Ecovyst during the third quarter worth about $349,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Ecovyst by 41.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 71,599 shares of the company’s stock worth $490,000 after buying an additional 21,147 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

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.