BMO Capital Markets Forecasts Strong Price Appreciation for Ecovyst (NYSE:ECVT) Stock

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 objective raised by investment analysts at BMO Capital Markets from $10.00 to $14.00 in a report released on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 51.43% from the stock's previous close.

ECVT has been the subject of several other reports. Wall Street Zen downgraded Ecovyst from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. BWS Financial restated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $11.67.

Ecovyst Stock Up 0.6%

Shares of Ecovyst stock opened at $9.25 on Friday. 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 50 day simple moving average is $8.80 and its 200 day simple moving average is $7.60. The firm has a market cap of $1.06 billion, a PE ratio of -77.04, a P/E/G ratio of 0.70 and a beta of 1.24. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.69.

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

Hedge Funds Weigh In On Ecovyst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECVT. Versant Capital Management Inc raised its holdings in Ecovyst by 200.7% in the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after acquiring an additional 3,489 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ecovyst by 11,312.2% in the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock valued at $35,000 after acquiring an additional 5,543 shares in the last quarter. CWM LLC raised its holdings in 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 in the last quarter. Parkside Financial Bank & Trust raised its holdings in Ecovyst by 1,769.9% in 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. Finally, AlphaQuest LLC raised its holdings in Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after acquiring an additional 3,396 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

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.

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