Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Ecovyst (NYSE:ECVT) Stock Price

Ecovyst (NYSE:ECVT) had its price target reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $14.00 to $11.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 19.57% from the company’s current price.

Several other equities analysts have also issued reports on ECVT. Wall Street Zen lowered Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. KeyCorp reduced their price objective on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. BMO Capital Markets increased their target price on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, BWS Financial restated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Ecovyst Price Performance

ECVT stock opened at $9.20 on Friday. The company’s 50-day moving average price is $8.48 and its two-hundred day moving average price is $8.46. The firm has a market cap of $1.05 billion, a P/E ratio of -9.89, a P/E/G ratio of 5.79 and a beta of 1.25. 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 12 month low of $5.24 and a 12 month high of $9.69.

Ecovyst (NYSE:ECVT) last posted its quarterly 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). The firm had revenue of $204.91 million for the quarter, compared to analyst estimates of $204.74 million. Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%. Ecovyst has set its FY 2025 guidance at EPS. On average, analysts anticipate that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ECVT. Rubric Capital Management LP grew its holdings in Ecovyst by 120.9% during the 3rd quarter. Rubric Capital Management LP now owns 10,400,000 shares of the company’s stock worth $91,104,000 after acquiring an additional 5,692,653 shares during the last quarter. Oaktree Capital Management LP bought a new stake in shares of Ecovyst in the third quarter worth $25,045,000. Boston Partners increased its holdings in Ecovyst by 321.1% in the second quarter. Boston Partners now owns 3,242,285 shares of the company’s stock valued at $26,785,000 after purchasing an additional 2,472,377 shares during the period. Invenomic Capital Management LP bought a new position in Ecovyst during the 3rd quarter worth $16,729,000. Finally, Ameriprise Financial Inc. lifted its holdings in Ecovyst by 221.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company’s stock worth $13,086,000 after buying an additional 1,095,228 shares during the period. Institutional investors own 86.69% of the company’s stock.

About Ecovyst

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.