Ecovyst (NYSE:ECVT) Given “Buy” Rating at BWS Financial

Ecovyst (NYSE:ECVT)‘s stock had its “buy” rating restated by BWS Financial in a research note issued to investors on Monday,Benzinga reports. They presently have a $12.00 price target on the stock. BWS Financial’s price objective suggests a potential upside of 38.01% from the company’s previous close.

Several other equities research analysts have also recently issued reports on ECVT. Wall Street Zen cut shares of Ecovyst from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. BMO Capital Markets raised their price target on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. KeyCorp reduced their price target on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ecovyst has an average rating of “Moderate Buy” and an average price target of $11.50.

Ecovyst Price Performance

Shares of Ecovyst stock traded down $0.06 on Monday, hitting $8.70. 960,962 shares of the company were exchanged, compared to its average volume of 1,256,038. The stock has a market capitalization of $991.40 million, a price-to-earnings ratio of -9.35, a price-to-earnings-growth ratio of 3.66 and a beta of 1.25. The company has a 50-day moving average price of $8.61 and a 200 day moving average price of $8.29. Ecovyst has a 1-year low of $5.24 and a 1-year high of $9.69. 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 (NYSE:ECVT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $204.91 million for the quarter, compared to analysts’ expectations 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. As a group, sell-side analysts predict that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

A number of large investors have recently modified their holdings of ECVT. Arizona State Retirement System grew its stake in shares of Ecovyst by 6.7% during the third quarter. Arizona State Retirement System now owns 34,740 shares of the company’s stock worth $304,000 after purchasing an additional 2,195 shares in the last quarter. CWM LLC increased its holdings in shares of Ecovyst by 63.0% in the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock valued at $49,000 after acquiring an additional 2,298 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ecovyst by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock worth $428,000 after acquiring an additional 2,874 shares in the last quarter. AlphaQuest LLC lifted its stake in Ecovyst by 60.1% during the first quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock worth $56,000 after purchasing an additional 3,396 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Ecovyst by 8.6% during the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock worth $279,000 after purchasing an additional 3,571 shares during the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

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.