Ecovyst Inc. (NYSE:ECVT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ecovyst Inc. (NYSE:ECVT) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.00.

Several research firms have issued reports on ECVT. Citigroup raised their target price on Ecovyst from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. KeyCorp lowered their price target on Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Wall Street Zen upgraded shares of Ecovyst from a “hold” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft lowered their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st.

Ecovyst Stock Up 0.2%

NYSE ECVT opened at $11.64 on Wednesday. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.33 billion, a PE ratio of -12.52, a P/E/G ratio of 1.49 and a beta of 1.20. The business’s fifty day simple moving average is $10.42 and its 200-day simple moving average is $9.30. Ecovyst has a 52 week low of $5.24 and a 52 week high of $11.81.

Institutional Investors Weigh In On Ecovyst

Several large investors have recently modified their holdings of ECVT. State of Alaska Department of Revenue purchased a new position in shares of Ecovyst during the third quarter worth about $48,000. CWM LLC increased its position in shares of Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock valued at $49,000 after buying an additional 2,298 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Ecovyst by 1,769.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock valued at $51,000 after acquiring an additional 5,823 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Ecovyst during the 3rd quarter worth approximately $87,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Ecovyst in the third quarter worth $89,000. 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.