Ecovyst (NYSE:ECVT) Price Target Raised to $16.00 at BWS Financial

Ecovyst (NYSE:ECVT) had its price objective upped by stock analysts at BWS Financial from $12.00 to $16.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BWS Financial’s price target suggests a potential upside of 41.16% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Citigroup lifted their price objective on shares of Ecovyst from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Wall Street Zen raised shares of Ecovyst from a “hold” rating to a “buy” rating in a report on Monday. Finally, KeyCorp raised their target price on shares of Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Ecovyst Stock Performance

NYSE ECVT traded up $0.07 during trading hours on Monday, reaching $11.34. The company’s stock had a trading volume of 1,023,957 shares, compared to its average volume of 1,323,829. Ecovyst has a 52 week low of $5.24 and a 52 week high of $12.33. The stock has a market cap of $1.29 billion, a PE ratio of -18.33, a PEG ratio of 1.45 and a beta of 1.17. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $9.46.

Ecovyst (NYSE:ECVT) last released its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Ecovyst had a positive return on equity of 9.17% and a negative net margin of 9.27%.The firm had revenue of $199.43 million for the quarter, compared to analyst estimates of $184.85 million. During the same period in the previous year, the company earned $0.28 earnings per share. Ecovyst’s revenue was up 33.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. Equities research analysts predict that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Ecovyst by 8.6% in the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after buying an additional 3,571 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after acquiring an additional 2,874 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Ecovyst by 7.5% in the first quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock worth $2,133,000 after acquiring an additional 23,951 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Ecovyst by 954.1% in the first quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock worth $877,000 after acquiring an additional 128,105 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Ecovyst by 63.0% during 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. 86.69% of the stock is owned by institutional investors and hedge funds.

About Ecovyst

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.