Brokerages Set Ecovyst Inc. (NYSE:ECVT) Target Price at $12.00

Ecovyst Inc. (NYSE:ECVT) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.00.

A number of analysts recently weighed in on the company. BWS Financial restated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research report on Friday, January 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Wall Street Zen cut shares of Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. Finally, KeyCorp lowered their price target on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, November 10th.

Ecovyst Stock Performance

Ecovyst stock opened at $11.04 on Friday. Ecovyst has a fifty-two week low of $5.24 and a fifty-two week high of $11.31. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.25. The stock has a market cap of $1.26 billion, a P/E ratio of -11.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.20. The firm’s fifty day moving average price is $9.66 and its 200-day moving average price is $9.03.

Ecovyst (NYSE:ECVT) last announced its earnings results on Tuesday, November 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%.The company had revenue of $204.91 million during the quarter, compared to analysts’ expectations of $204.74 million. On average, equities research analysts expect that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new stake in shares of Ecovyst during the second quarter valued at approximately $1,239,000. Campbell & CO Investment Adviser LLC bought a new stake in Ecovyst during the 2nd quarter valued at $465,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Ecovyst during the 2nd quarter valued at $3,704,000. Ballast Asset Management LP grew its holdings in Ecovyst by 14.4% in the 2nd quarter. Ballast Asset Management LP now owns 555,373 shares of the company’s stock worth $4,571,000 after acquiring an additional 69,786 shares during the last quarter. Finally, Boston Partners grew its holdings in Ecovyst by 321.1% in the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company’s stock worth $26,785,000 after acquiring an additional 2,472,377 shares during the last quarter. 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.