Ecovyst (NYSE:ECVT) Price Target Raised to $12.00

Ecovyst (NYSE:ECVT) had its target price boosted by Citigroup from $10.00 to $12.00 in a research note issued to investors on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. KeyCorp dropped their price objective on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Deutsche Bank Aktiengesellschaft cut their price target on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, November 28th. Wall Street Zen downgraded 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, October 8th. Finally, BWS Financial restated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research report on Friday, January 2nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Ecovyst Trading Down 0.0%

ECVT stock opened at $11.16 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.25 and a quick ratio of 2.07. Ecovyst has a 1-year low of $5.24 and a 1-year high of $11.31. The business has a 50 day simple moving average of $9.60 and a two-hundred day simple moving average of $9.00. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -11.99, a PEG ratio of 1.44 and a beta of 1.20.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data 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 negative net margin of 14.34% and a positive return on equity of 8.93%. The company had revenue of $204.91 million for the quarter, compared to the consensus estimate of $204.74 million. Research analysts anticipate that Ecovyst will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Ecovyst in the 3rd quarter worth about $48,000. CWM LLC raised its position in Ecovyst by 63.0% in the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares during the period. Parkside Financial Bank & Trust lifted 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 during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Ecovyst during the third quarter valued at approximately $87,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Ecovyst during the third quarter valued at approximately $89,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

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.