Ecovyst (NYSE:ECVT) Stock Price Expected to Rise, Citigroup Analyst Says

Ecovyst (NYSE:ECVT) had its price objective increased by equities researchers at Citigroup from $10.00 to $12.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 7.43% from the company’s previous close.

A number of other equities analysts have also issued reports on ECVT. Deutsche Bank Aktiengesellschaft decreased their price objective on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, November 28th. KeyCorp lowered their price target on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. 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 reaffirmed a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, October 8th. Finally, BWS Financial reissued a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Friday, January 2nd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Ecovyst Stock Up 2.0%

Ecovyst stock opened at $11.17 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.25. Ecovyst has a one year low of $5.24 and a one year high of $11.31. The company has a 50-day simple moving average of $9.55 and a 200-day simple moving average of $8.99. The firm has a market capitalization of $1.27 billion, a P/E ratio of -12.01, a P/E/G ratio of 1.41 and a beta of 1.20.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 earnings per share 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 firm had revenue of $204.91 million during the quarter, compared to the consensus estimate of $204.74 million. As a group, equities analysts expect that Ecovyst will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Ecovyst

Several large investors have recently made changes to their positions in ECVT. Creative Planning grew its stake in shares of Ecovyst by 4.8% in the 3rd quarter. Creative Planning now owns 28,622 shares of the company’s stock worth $251,000 after purchasing an additional 1,311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ecovyst by 4.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,292 shares of the company’s stock worth $449,000 after buying an additional 2,124 shares in the last quarter. Arizona State Retirement System grew its position in Ecovyst by 6.7% in the third quarter. Arizona State Retirement System now owns 34,740 shares of the company’s stock worth $304,000 after buying an additional 2,195 shares during the last quarter. CWM LLC grew its position in Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after buying an additional 2,298 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ecovyst by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after buying an additional 2,874 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

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.