Ecovyst Inc. (NYSE:ECVT) Receives $12.00 Consensus Target Price from Analysts

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

Several equities research analysts recently issued reports on the stock. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, January 2nd. 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. Wall Street Zen cut Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup raised their price objective on Ecovyst from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th.

Ecovyst Stock Down 0.6%

NYSE ECVT opened at $11.57 on Wednesday. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39. Ecovyst has a fifty-two week low of $5.24 and a fifty-two week high of $11.85. The business has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $9.36. The stock has a market cap of $1.32 billion, a PE ratio of -12.44, a P/E/G ratio of 1.49 and a beta of 1.19.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Ecovyst during the 3rd quarter worth $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 grew its stake in Ecovyst by 1,769.9% in the second 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. bought a new stake in Ecovyst in the third quarter valued at about $87,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Ecovyst during the third quarter valued at approximately $89,000. 86.69% of the stock is currently owned by institutional investors.

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.