Ecovyst Inc. (NYSE:ECVT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ecovyst Inc. (NYSE:ECVT) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.00.

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th. KeyCorp dropped their price target on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Friday, January 2nd. Citigroup upped their price objective on Ecovyst from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ECVT. Royal Bank of Canada raised its holdings in shares of Ecovyst by 8.6% during the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after buying an additional 3,571 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after acquiring an additional 2,874 shares during the period. Empowered Funds LLC increased its position in Ecovyst by 7.5% in the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after acquiring an additional 23,951 shares during the period. Jane Street Group LLC raised its stake in Ecovyst by 954.1% during the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock valued at $877,000 after acquiring an additional 128,105 shares in the last quarter. Finally, CWM LLC boosted its position in Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after acquiring an additional 2,298 shares during the period. Institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Performance

Ecovyst stock opened at $11.16 on Friday. 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 12 month low of $5.24 and a 12 month high of $11.31. The company has a fifty day moving average price of $9.60 and a two-hundred day moving average price of $9.00. The company has a market cap of $1.27 billion, a PE ratio of -11.99, a P/E/G ratio of 1.44 and a beta of 1.20.

Ecovyst (NYSE:ECVT) last issued its earnings results on Tuesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%.The business had revenue of $204.91 million for the quarter, compared to analyst estimates of $204.74 million. Research analysts expect that Ecovyst will post 0.44 earnings per share for the current year.

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.