Ecovyst (NYSE:ECVT) PT Lowered to $11.00

Ecovyst (NYSE:ECVT) had its price objective dropped by equities research analysts at Citigroup from $13.00 to $11.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 18.28% from the company’s current price.

Separately, BWS Financial reissued a “buy” rating and issued a $18.00 price target on shares of Ecovyst in a research note on Friday, May 3rd.

Ecovyst Price Performance

Shares of ECVT stock traded down $0.01 on Friday, reaching $9.30. The company had a trading volume of 217,185 shares, compared to its average volume of 747,508. The business’s 50-day moving average is $9.26 and its 200 day moving average is $9.55. Ecovyst has a one year low of $8.26 and a one year high of $12.35. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $1.09 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05.

Ecovyst (NYSE:ECVT) last posted its earnings results on Thursday, May 2nd. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Ecovyst had a return on equity of 10.83% and a net margin of 10.70%. The business had revenue of $160.50 million for the quarter, compared to the consensus estimate of $171.56 million. Equities research analysts forecast that Ecovyst will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

Several hedge funds and other institutional investors have recently modified their holdings of ECVT. CWM LLC grew its position in Ecovyst by 6,920.7% in the 2nd 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 period. Harbor Capital Advisors Inc. raised its stake in shares of Ecovyst by 298.1% in the second quarter. Harbor Capital Advisors Inc. now owns 951,235 shares of the company’s stock worth $8,533,000 after purchasing an additional 712,292 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Ecovyst by 3.7% in the first quarter. Westwood Holdings Group Inc. now owns 5,026,022 shares of the company’s stock valued at $56,040,000 after purchasing an additional 178,001 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Ecovyst during the first quarter valued at approximately $114,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Ecovyst by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company’s stock worth $587,000 after buying an additional 3,353 shares in the last quarter. Institutional investors 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.