Ecovyst (NYSE:ECVT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets raised its price target for Ecovyst (NYSE:ECVT) from $10.00 to $14.00, reflecting a potential upside of 51.43% from the stock's previous close.
• Three equities research analysts currently rate the stock as a "Buy," with a consensus price target of $11.67.
• Ecovyst reported $0.12 earnings per share for its last quarter, meeting analysts' expectations, while its revenue was up 9.5% compared to the same period last year.

Ecovyst (NYSE:ECVT - Get Free Report) had its price target hoisted by equities researchers at BMO Capital Markets from $10.00 to $14.00 in a research note issued on Friday, MarketBeat.com reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' target price would suggest a potential upside of 49.02% from the company's current price.

Other equities analysts have also issued reports about the company. BWS Financial restated a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research note on Monday, August 11th. Wall Street Zen lowered Ecovyst from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $11.67.

Ecovyst Stock Performance

Shares of Ecovyst stock traded up $0.39 during trading on Friday, reaching $9.40. The company's stock had a trading volume of 2,996,080 shares, compared to its average volume of 1,281,415. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.25. The business's fifty day moving average price is $8.85 and its 200-day moving average price is $7.63. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -78.78, a price-to-earnings-growth ratio of 4.19 and a beta of 1.24. Ecovyst has a one year low of $5.24 and a one year high of $9.69.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The business had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. During the same period in the previous year, the company posted $0.12 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. As a group, equities research analysts predict that Ecovyst will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in Ecovyst by 200.7% during the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock worth $32,000 after buying an additional 3,489 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Ecovyst by 11,312.2% during the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock worth $35,000 after buying an additional 5,543 shares in the last quarter. CWM LLC lifted its holdings 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 buying an additional 2,298 shares in the last quarter. Parkside Financial Bank & Trust lifted 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 worth $51,000 after buying an additional 5,823 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Ecovyst by 60.1% during the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock worth $56,000 after buying an additional 3,396 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Company Profile

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.